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How is ending inventory used in the computation of net income? ...

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Accounting

How is ending inventory used in the computation of net income?

Added to Beginning Inventory to determine Cost of Goods Available.

Deducted from Cost of Goods Available to determine Cost of Goods Sold.

Added to Cost of Goods Available to determine Cost of Goods Sold.

Deducted from Beginning Inventory to determine Cost of Goods Available.

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