Do fast answer of this accounting questions TechSmart Solutions had a beginning inventory of $32,000. During theyear, the company recorded inventory purchases of $85,000 and a cost ofgoods sold of $92,000. The ending inventory is:A. $28,000B. $25,000C. $24,000D. $26,000

Step 1: Definition of Ending InventoryEnding inventory refers to the value of goods that remain…

Answered: TechSmart Solutions had a 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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TechSmart Solutions had a beginning inventory of $32,000. During the year, the company recorded inventory purchases of $85,000 and a cost of goods sold of $92,000. The ending inventory is: A. $28,000 B. $25,000 C. $24,000 D. $26,000