Matador Company uses the periodic inventory system. Information for 2021 is as follows: Sales $1,325,000...
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Matador Company uses the periodic inventory system. Information for 2021 is as follows: Sales $1,325,000 Beginning inventory 340,000 Purchases 600,000 Purchase returns 6,000 Cost of goods sold 564,000 Ending inventory for 2021 is: a. $761,000 b. $594,000 c. $570,000 d. $370,000 Please explain answer.
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