Homework Help is Here – Start Your Trial Now!
Business
Accounting
The following data relate to Tech Edge in 2023. What is the ending inventory? Purchases: $600,000 Beginning Inventory: $90,000 Purchase Returns: $15,000 Sales: $900,000 Cost of Goods Sold: $525,000 a) $150,000 b) $160,000 c) $200,000 d) $250,000

The following data relate to Tech Edge in 2023. What is the ending inventory? Purchases: $600,000 Beginning Inventory: $90,000 Purchase Returns: $15,000 Sales: $900,000 Cost of Goods Sold: $525,000 a) $150,000 b) $160,000 c) $200,000 d) $250,000

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter10: Inventory
Section: Chapter Questions
Problem 16PB: Use the following information relating to Medinas Company to calculate the inventory turnover ratio,...
See similar textbooks
icon
Related questions
Question

The following data relate to Tech Edge in 2023.... Please provide answer the accounting question

The following data relate to Tech Edge in 2023. What is the ending inventory? Purchases: $600,000 Beginning Inventory: $90,000 Purchase Returns: $15,000 Sales: $900,000 Cost of Goods Sold: $525,000 a) $150,000 b) $160,000 c) $200,000 d) $250,000
Transcribed Image Text:The following data relate to Tech Edge in 2023. What is the ending inventory? Purchases: $600,000 Beginning Inventory: $90,000 Purchase Returns: $15,000 Sales: $900,000 Cost of Goods Sold: $525,000 a) $150,000 b) $160,000 c) $200,000 d) $250,000
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS