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Calculate ending inventory in 2021 using the following balances measured at the end of 2021. The accounts listed below are all of the line items
Calculate ending inventory in 2021 using the following balances measured at the end of 2021. The accounts listed below are all of the line items included on the company balance sheet. Hint: You will need to use the accounting equation to solve this question: Assets = Liabilities + Stockholders Equity
2021 | |
Accounts Receivable | 65 |
Long-term Liabilities | 200 |
Retained Earnings | 100 |
PPE, net | 250 |
Accounts Payable | 25 |
Cash | 100 |
Inventory | ???? |
Common Stock | 170 |
Total inventory is:
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