Retail Company reported the following amounts on its 20X2 income statement: Purchases, $45,000; Beginning 20X2 inventory, $15,000; and Cost of goods sold, $50,000. What was the 20X2 ending inventory?

Retail Company reported the following amounts on its 20X2 income statement: Purchases, $45,000; Beginning 20X2 inventory, $15,000; and Cost of goods sold, $50,000. What was the 20X2 ending inventory?
A) $10,000
B) $25,000
C) $26,000
D) $27,000


Leave a Reply

Your email address will not be published.