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What was the value of opening inventory

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Reference no: EM132885034

The following details relate to a perpetual inventory system:

Purchases on credit $650,000

Cost of goods sold $970,000

Inventory at end $190,000

Problem 1: What was the value of opening inventory?

Select one:

a. $510 000

b. $130 000

c. $460 000

d. $650 000

Reference no: EM132885034

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