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Sweetwater Co

Question 171

Multiple Choice

Sweetwater Co.updates its inventory perpetually.The company reported a beginning inventory of $3,000.During the year,the company recorded inventory purchases of $9,000 and cost of goods sold of $10,000.What was the amount of its ending inventory?


A) $2,000
B) $5,000
C) $5,200
D) $5,400

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