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Corporation H provides the following information: Sales ...

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Accounting

Corporation H provides the following information:

Sales

$205,000

Beginning inventory

20,000

Ending inventory

28,000

The companys gross margin is 25%. How much inventory did the company purchase?

  • A. $160,750
  • B. $161,750
  • C. $208,000
  • D. $171,750

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