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During the Year Comer, Inc

Question 133

Multiple Choice

During the year Comer, Inc., had $200,000 in goods available for sale. At the end of the accounting period it had an ending inventory of $40,000. This reveals that it had sold all but ____ worth of the available goods.


A) $200,000
B) $160,000
C) $40,000
D) $20,000
E) $10,000

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