Purchases of inventory during the year were $450,000. At the end of the year, ending inventory is $200,000 and cost of goods sold is $400,000. What was beginning inventory?
A) $250,000.
B) $300,000.
C) $150,000.
D) $100,000.
Answer: C
Accounting MCQ
Accounting
Purchases of inventory during the year were $450,000. At the end of the year, ending inventory is $200,000 and cost of goods sold is $400,000. What was beginning inventory?
Subscribe to:
Post Comments (Atom)
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.