What is the beginning inventory

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The following relate to the income statement of Growth Company for the year ended 2008. What is the beginning inventory?

Purchases    $ 180,000

Purchase returns 5,000 Purchase returns is inventory the company bought (part of purchases, and then returned to their supplier).

Sales                                    240,000

Cost of goods sold               210,000

Ending inventory                    30,000

Reference no: EM13870877

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