Multiple Choice
Financial Statements of ABC Corp. indicates that ending inventory levels in 2005 and 2006 were $200,000 and $350,000 respectively. Cost of Goods sold for 2005 and 2006 were $1,900,000 and $2,200,000 respectively. Purchases in 2006 were:
A) $1,950,000
B) $2,150,000
C) $2,350,000
D) $1,850,000
Correct Answer:
Verified
Correct Answer:
Verified
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