A company reported the following information for Its most recent year of operation: purchases, $101,000; beginning inventory, $20,500; and cost of goods sold, How much Was the company's ending $111,000. inventory? a. $10,500 b. $15,500 c. $20,500 d. $30,500

A company reported the following information for Its most recent year of operation: purchases, $101,000; beginning inventory, $20,500; and cost of goods sold, How much Was the company's ending $111,000. inventory? a. $10,500 b. $15,500 c. $20,500 d. $30,500

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 46E

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Question

How much was the company's ending inventory on this accounting question?

A company reported the following information for Its
most recent year of operation: purchases, $101,000;
beginning inventory, $20,500; and cost of goods sold,
How much Was the company's ending
$111,000.
inventory?
a. $10,500
b. $15,500
c. $20,500
d. $30,500

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