Beginning inventory is $30,000. Purchases of inventory during the year are $50,000. Cost of goods sold is $60,000. What is ending inventory?
A) $20,000.
B) $30,000.
C) $10,000.
D) $50,000.
Answer: $20,000.
Accounting MCQ
Financial Accounting
Beginning inventory is $30,000. Purchases of inventory during the year are $50,000. Cost of goods sold is $60,000. What is ending inventory?
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