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If the cost of goods sold is $100,000, sales are $200,000, merchandise purchases are $40,000,...

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Accounting

If the cost of goods sold is $100,000, sales are $200,000, merchandise purchases are $40,000, and ending merchandise inventory is $10,000, then the beginning merchandise inventory must be: Multiple Choice $170,000. $50,000. $70,000. $120,000

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