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The following relate to Data Original in 2012. What is the ending inventory? Purchases $540,000 Beginning Inventory $80,000 Purchase Returns - $10,000 Sales $800,000 Cost of Goods Sold $490,000 A) $120,000 B) $140,000 C) $210,000 D) $260,000 - E) None of the answers are correct.

The following relate to Data Original in 2012. What is the ending inventory? Purchases $540,000 Beginning Inventory $80,000 Purchase Returns - $10,000 Sales $800,000 Cost of Goods Sold $490,000 A) $120,000 B) $140,000 C) $210,000 D) $260,000 - E) None of the answers are correct.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following relate to Data Original in 2012. What is the ending inventory? Purchases $540,000 Beginning Inventory $80,000 Purchase Returns - $10,000 Sales $800,000 Cost of Goods Sold $490,000 A) $120,000 B) $140,000 C) $210,000 D) $260,000 - E) None of the answers are correct.
Transcribed Image Text:The following relate to Data Original in 2012. What is the ending inventory? Purchases $540,000 Beginning Inventory $80,000 Purchase Returns - $10,000 Sales $800,000 Cost of Goods Sold $490,000 A) $120,000 B) $140,000 C) $210,000 D) $260,000 - E) None of the answers are correct.
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