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Mary's Pie Company had a starting Inventory balance of $13,550 and the following transaction totals for the month. Use this information to answer the questions below.
Sales Returns and Allowances $300
Sales Discounts 200
Purchases 3,000
Sales 8,000
Cost of Goods Sold 5,500
Purchases Discount 300
Freight 600
Question 1: Based on the above, ending Inventory is
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