(Answered) Question - julia owns a gift shop she starts the year with

Accounting

Question - Julia owns a gift shop. She starts the year with $50,000 of inventory, ends the year with $40,000 of inventory, has $500,000 of sales during the year, and has Cost of Goods Sold of $410,000 during the year. How much inventory did Julia purchase during the year?

A. 320,000

B. 360,000

C. 370,000

D. 400,000

E. 450,000

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