Answer:
ending finished inventory= $17,000
Explanation:
Giving the following information:
purchases, $114,000
beginning inventory, $27,000
cost of goods sold $124,000.
<u>To calculate the ending inventory, we need to use the following formula:</u>
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
124,000 = 27,000 + 114,000 - ending finished inventory
ending finished inventory= 141,000 - 124,000
ending finished inventory= $17,000
