A company reported the following information for its most recent year of operation: purchases, $120,000; beginning inventory, $25,000; and cost of goods sold, $130,000. How much was the company's ending inventory? Accounting question

A company reported the following information for its most recent year of operation: purchases, $120,000; beginning inventory, $25,000; and cost of goods sold, $130,000. How much was the company's ending inventory? Accounting question

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 11E

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