题目内容

Chime Company had cost of goods sold of $150,000. The beginning and ending inventories were $13,000 and $28,000, respectively. Purchases for the period must have been

A. $178,000
B. $165,000
C. $163,000
D. $135,000

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Beginning inventory is $110,000, purchases are $220,000, and sales total $500,000. The normal gross profit percentage is 35%. Using the gross profit method, how much is ending inventory?

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D. $280,000

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