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Jackson Manufacturing Company had a beginning inventory of $24,500. During the year, the company recorded...

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Accounting

Jackson Manufacturing Company had a beginning inventory of $24,500. During the year, the company recorded inventory purchases of $140,000 and cost of goods sold of $69,000. The ending inventory must equal:

a.) 35,000

b.) 34,500

c.) 95,500

d.) 36,500

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