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  3. the records for uptown pet shop showed the followi

The records for Uptown Pet Shop showed the following: Sales Beginning merchandise inventory Purchases Cost...

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Question

Accounting

The records for Uptown Pet Shop showed the following:

Sales Beginning merchandise inventory Purchases Cost of goods sold

$75,000 $10,000 45,000 50,000

3. The ending merchandise inventory must have been

  1. $5,000

  2. $15,000

  3. $25,000

  4. $40,000

Answer & Explanation Solved by verified expert
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