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What was the value of opening inventory

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Reference no: EM132964740

Question - 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

Required - What was the value of opening inventory?

a. $510,000

b. $130,000

c. $460,000

d. $650,000

Reference no: EM132964740

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