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4 years ago

EA6.

Business

1 answer:

vodomira [7]4 years ago

6 0

Answer:

$750

Explanation:

The formula for determination of beginning inventory is given below:

Cost of goods sold=opening inventory+purchases-closing inventory

Cost of goods sold=$2,000

Purchases=$2,250

closing inventory=$1,000

Opening inventory=Cost of goods sold+closing inventory-purchases

=2,000+1,000-2,250

=$750

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