The following information was taken from the 2011 income statement of Ultimate Sales: Pretax income, $12,000; Total oper

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answerhappygod
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The following information was taken from the 2011 income statement of Ultimate Sales: Pretax income, $12,000; Total oper

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The following information was taken from the 2011 income
statement of Ultimate Sales: Pretax income, $12,000; Total
operating expenses (not including income taxes), $21,000; Sales
revenue, $120,000; Beginning inventory, $11,000; and Purchases,
$90,000. Compute the amount of the ending inventory for the
company:
Multiple Choice
None of the other alternatives are correct
$12,000
$14,000
$16,000
$87,000
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