Give answer to this accounting problem Villa Sales Company had the following amounts relatedto its business:Beginning Inventory $13,300PurchasesNet SalesGross Profit$45,600$63,000$16,000The amount of the ending inventory is:a. $11,900b. $77,000c. $19,000d. $35,000

Explanation of Beginning Inventory: Beginning Inventory represents the cost value of all merchandise…

Answered: Villa Sales Company had the following…

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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Villa Sales Company had the following amounts related to its business: Beginning Inventory $13,300 Purchases Net Sales Gross Profit $45,600 $63,000 $16,000 The amount of the ending inventory is: a. $11,900 b. $77,000 c. $19,000 d. $35,000