Please help due in less than 2 hours, need help with #17!!!
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The inventory account expected to have by December 31 is more than $5800. Option C
<h3>How to calculate the end inventory</h3>The formula for end inventory is given as ;
Ending inventory = Beginning inventory + net purchases –sales
Beginning inventory = $5800
Net purchases = $65000
Sales = $112000
Put into the formula
Ending inventory = $
Add first,
Ending inventory = $
Ending inventory = $ -41, 200
Thus, the inventory account expected to have by December 31 is more than $5800. Option C
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