The following relate to the income statement of growth, Ask an Expert

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The following relate to the income statement of Growth Company for the year ended 2008. What is the beginning inventory?

Purchases $ 180,000

Purchase returns 5,000 Purchase returns is inventory the company bought (part of purchases, and then returned to their supplier).

Sales 240,000

Cost of goods sold 210,000

Ending inventory 30,000

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91535995

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