Income statements for Eldermon Sales Company follow. Analyze the inventory position at the end of each year as well as the profitability of inventory sales in each year. What conclusions would you make concerning the inventorytrend?

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2011 2010 2009 Sales Cost of goods sold: $125,000 $100,000 $75,000 Beginning inventory Purchases $ 30,000 S 25.000宰5,000 80,000 85.000 $135,000 $105,000 $90,000 30,000 25,000 $90,000 75,000 $65,000 05,000 Ending inventory 45,000 Gross profit S35000 25.000 $10,000