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What was the ending merchandise inventory

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Problem 1: The records for Uptown Pet Shop showed the following:Sales $225,000 Beginning merchandise inventory $ 30,000 Purchases 135,000 Cost of goods sold 150,000 What was the ending merchandise inventory?

A) $120,000

B) $ 75,000

C) $ 45,000

D) $ 15,000

E) None of the above

Reference no: EM132695459

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