For last month, Mingi Corp.'s cost of goods sold and ending inventory were $200,000 and $300,000 respectively. Assuming Mingi had neither purchases nor returns during the month, what was the cost of its beginning inventory?

Name: For last month, Mingi Corp.'s cost of goods sold and ending inventory were $200,000 and $300,000 respectively. Assuming Mingi had neither purchases nor returns during the month, what was the cost of its beginning inventory?
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Question

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The Answer is C

For Last Month, Mingi Corp