Brentwood Corporation reported the following information for its most recent year of operation: Purchases: $115,000 Beginning Inventory: $25,500 Cost of Goods Sold: $126,000 How much was the company's ending inventory?

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 3RE: Shaquille Corporation began the current year with inventory of 50,000. During the year, its...
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How much was the company's ending inventory?

Brentwood Corporation reported the
following information for its most recent
year of operation:
Purchases: $115,000
Beginning Inventory: $25,500
Cost of Goods Sold: $126,000
How much was the company's ending
inventory?
Transcribed Image Text:Brentwood Corporation reported the following information for its most recent year of operation: Purchases: $115,000 Beginning Inventory: $25,500 Cost of Goods Sold: $126,000 How much was the company's ending inventory?
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