The following amounts relate to the Rachael”s Sales Company:
|
Beginning inventory |
$25,000 |
|
Purchases |
85,000 |
|
Net sales |
90,000 |
|
Gross profit |
30,000 |
The amount of ending inventory is:
- $80,000.
- $50,000.
- $60,000.
- $30,000.
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