Villa Sales Company had the following amounts related to its business: Beginning Inventory $12,000 Purchases Net Sales Gross Profit $42,000 $50,000 $15,000 The amount of the ending inventory is: a. $54,000 b. $77,000 c. $19,000 d. $35,000

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
icon
Related questions
Question

Hello tutor provide correct answer for general accounting question

Villa Sales Company had the following amounts related
to its business:
Beginning Inventory $12,000
Purchases
Net Sales
Gross Profit
$42,000
$50,000
$15,000
The amount of the ending inventory is:
a. $54,000
b. $77,000
c. $19,000
d. $35,000
Transcribed Image Text:Villa Sales Company had the following amounts related to its business: Beginning Inventory $12,000 Purchases Net Sales Gross Profit $42,000 $50,000 $15,000 The amount of the ending inventory is: a. $54,000 b. $77,000 c. $19,000 d. $35,000
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
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
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,