A company reported the following information for its most recent year of operation: purchases, $107,000; beginning inventory, $23,500; and cost of goods sold, $117,000. How much was the company's ending inventory?

A company reported the following information for its most recent year of operation: purchases, $107,000; beginning inventory, $23,500; and cost of goods sold, $117,000. How much was the company's ending inventory?

Name: A company reported the following information for its most recent year
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Description: A company reported the following information for its most recent year of operation: purchases, $107,000; beginning inventory, $23,500; and cost ofgoods sold, $117,000. How much was the company's ending inventory?Multiple Choice$33,500.$13,500.$18,50

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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