What is the ending inventory?? The following relates to Data Original in 2012. What is the endinginventory?Purchases$ 5,40,000Beginning Inventory80,000Purchase Returns10,000Sales8,00,000Cost of Goods Sold4,90,000a. $120,000b. $140,000c. $210,000d. $260,000e. none of the answers are correct

Formula for Ending Inventory:Ending Inventory = Beginning Inventory + Net Purchases − Cost of Goods…

Answered: The following relates to Data Original…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 13PA: Company Elmira reported the following cost of goods sold but later realized that an error had been...

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The following relates to Data Original in 2012. What is the ending inventory? Purchases $ 5,40,000 Beginning Inventory 80,000 Purchase Returns 10,000 Sales 8,00,000 Cost of Goods Sold 4,90,000 a. $120,000 b. $140,000 c. $210,000 d. $260,000 e. none of the answers are correct