The amount of the ending Inventory is. Vortex Retailers had the following amounts related to itsbusiness:Beginning Inventory $16,500PurchasesNet SalesGross Profit$49,800$68,000$19,500The amount of the ending inventory is:a. $17,800b. $21,300c. $13,500d. $22,000

The question pertains to inventory valuation. Inventory valuation and cost of goods sold (COGS), two…

Answered: Vortex Retailers 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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Vortex Retailers had the following amounts related to its business: Beginning Inventory $16,500 Purchases Net Sales Gross Profit $49,800 $68,000 $19,500 The amount of the ending inventory is: a. $17,800 b. $21,300 c. $13,500 d. $22,000