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What was ending inventory for delta merchandising inc

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Reference no: EM132829764

Delta Merchandising, Inc., has provided the following information for the year just ended:

Net sales $128,500
Beginning inventory $24,000
Purchases $80,000
Gross margin $38,550

Problem 1: What was the ending inventory for the company at year-end?

Select one:

a. $14,050.
b. $24,500.
c. $65,450.
d. $9,950.

Reference no: EM132829764

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