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Smith Company purchases $60,000 of inventory during the period and sells $18,000 of it for $30,000. The beginning of the period inventory was $3,000. What is the company's inventory balance to be reported on its balance sheet at year-end?

a) $2,000
b) $45,000
c) $18,000
d) $3,000

User Zulu Z
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1 Answer

3 votes
C is the correct answer
User Astropringles
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