Ending Liquor Inventory on December 31, 2015 was $200,000.00 Liquor Purchases for 2016 were $350,000.00. Beginning Liquor Inventory for 2017 was $150,000.00. Cost of Liquor Goods Sold was 15% of liquor sales for 2016.

Liquor Sales for 2016 were:

Question 27 options:

1. $1,367,450.45
2. $4,333,333.33
3. None of the above
4. $2,666,666.67