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What is balance that would appear in shining star inventory

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Reference no: EM132584341

Shining Star is a retailer of home accessories. The company's inventory balance at the beginning of the year was $600,000; Shining Star purchased $500,000 of goods during January, and sales during January were $800,000.

Question 1: What is the balance that would appear in Shining Star inventory account on February 1 assuming use of periodic inventory system?

Reference no: EM132584341

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