INVENTORY
Cost of goods available for sale $65,000 Less: Finished goods inventory, ending 10,000 Cost of goods sold $55,000 Step #2: Sales $105,000 Cost of goods sold 55,000 Gross margin $ 50,000 138. The beginning finished goods inventory was: A) $24,000 . B) $9,000 . C) $10,000 . D) $14,000 ................
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