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 inventory trend?

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2013 2012 2011 Sakn $1:SJXX) $100,00() $ni(XX) Cost of goods sold: 05,000 80,000 80,000 85,000 $135,000 $105,000 $90,000 45,000 $90,000 :Ki,000 30,000 $75,000 串꼇i,000 $65,000 atKilì pmiit . . $10,000