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SCORPION-xisa [38]
3 years ago
14

Shockglass Company had a beginning inventory of $15,000. During the year, the company recorded inventory purchases of $45,000 an

d cost of goods sold of $50,000. The ending inventory must equal: A. $10,000. B. $25,000. C. $26,000. D. $27,000.
Business
1 answer:
Otrada [13]3 years ago
8 0

Answer:

A. $10,000

Explanation:

We know that :

cost of goods sold = opening inventory + purchases - ending inventory

hence,

Ending Inventory = opening inventory + purchases - cost of goods sold

therefore,

Ending Inventory = $15,000 +  $45,000 - $50,000

                              = $10,000

The ending inventory must equal: $10,000

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40%

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3 years ago
d (i). Suppose that ZX Inc. is currently selling at $50 per share. You buy 200 shares, using $5,000 of your own money and borrow
strojnjashka [21]

Answer:

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Explanation:

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3 years ago
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Answer:

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