Below is a T-account for inventory. Inventory Inventory Jan 1 25,000 Mar 25 58,000 62,000 Apr 24 Sep 30 72,000 69,000 Oct 5 Which of the following is true? Inventory sold during the year had a cost of $131,000. The ending balance of inventory is $24,000. Inventory purchases during the year had a cost of $130,000. All of the answer choices are correct