In the Trial Balance of a Firm's Accounting Records, Inventory

question 10

Multiple Choice

In the trial balance of a firm's accounting records, Inventory has a balance of $40 000 and Purchases has a balance of $1 000 000. The count of ending inventory is $50 000. Cost of sales is:

• A)$1 040 000
• B)$1 050 000
• C)$ 990 000
• D)$ 910 000

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