The cost of goods sold for Uzzi Corp.totalled $750,000.Sales returns and purchase returns were $3,000 and $5,000,respectively.Purchases totalled $800,000.Purchase discounts totalled $7,000,while sales discounts totalled $9,000.Beginning inventory was $100,000.Determine the amount of ending inventory to be reported on the company's balance sheet.

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The Answer of The cost of goods sold for Uzzi Corp.totalled $750,000.Sales returns and purchase returns were $3,000 and $5,000,respectively.Purchases totalled $800,000.Purchase discounts totalled $7,000,while sales discounts totalled $9,000.Beginning inventory was $100,000.Determine the amount of ending inventory to be reported on the company's balance sheet.

The Cost of Goods Sold for Uzzi Corp