Ebbe inc ebbe inc purchased merchandise for 500000 received

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Reference no: EM13607963

Ebbe, Inc. Ebbe, Inc. purchased merchandise for $500,000; received credit for purchase returns of $25,000, took purchase discounts of $10,000, and paid transportation costs of $15,000. Refer to Ebbe, Inc. If Ebbe, Inc. had $20,000 in beginning inventory, and sold goods costing $300,000, what is the ending inventory balance?

Reference no: EM13607963

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