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1 Company A reported the following information for 2020: Beginning Inventory: $200,000 Purchases of New Inventory: $520,000 Sales Revenue: $850,000 Cost of Goods Sold: $640,000

1 Company A reported the following information for 2020: Beginning Inventory: $200,000 Purchases of New Inventory: $520,000 Sales Revenue: $850,000 Cost of Goods Sold: $640,000 What should the company report as the ending balance of inventory on its 2020 Balance Sheet? $80,000 $120,000 $210,000 $320,000..,.. please reply correct ans from given option

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