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How much is the ending inventory at cost

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Question - The records of Nuisance Co. show the following information

Inventory Beg 36,000

Purchases 320,000

Purchase Discounts 3,000

Freight In 18,000

Sales 454,000

Sales Return 2,000

Ending inventory at sales price is $78,000

Required - How much is the ending inventory at cost?

a. 54,600

b. 56400

c. 55,800

d. 58,500

Reference no: EM132742026

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