Provide answer me A company started with beginning inventory of $22,000, made purchases of$68,000 during the period, and had cost of goods sold of $71,000. What is theending inventory?A) $19,000B) $25,000C) $39,000D) $115,000

Step 1: Definition of Ending InventoryEnding Inventory represents the value of the goods available…

Answered: A company started with beginning…

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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A company started with beginning inventory of $22,000, made purchases of $68,000 during the period, and had cost of goods sold of $71,000. What is the ending inventory? A) $19,000 B) $25,000 C) $39,000 D) $115,000