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Compute the ending finished goods inventory

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Question - A firm had beginning finished goods inventory of $20,000; its cost of goods manufactured was $75,000; its gross margin was $80,000; and its sales were $140,000. The ending finished goods inventory was:

a. $60,000

b. $40,000

c. $95,000

d. $35,000

Reference no: EM132083468

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