Answered: If $7,500 was the beginning inventory,…

If $7,500 was the beginning inventory, purchases were $16,200, and cost of goods sold were $15,300, how much was the ending inventory last accounting period?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 2TP: Assume your company uses the periodic inventory costing method, and the inventory count left out an...

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If $7,500 was the beginning inventory, purchases were $16,200, and cost of goods sold were $15,300, how much was the ending inventory last accounting period?

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