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  3. beginning inventory was $5,000. during the month,

Beginning inventory was $5,000. During the month, the company purchased an additional $25,000 of inventory...

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Question

Accounting

Beginning inventory was $5,000. During the month, the company purchased an additional $25,000 of inventory and sold goods that cost $20,000. Ending inventory was:

$10,000

$5,000

$50,000

$0

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