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Leaping Corporation has reported beginning inventory for September 2019 of $800,000. During the month of September, Leaping purchased inventory costing $600,000. Cost of goods sold

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Leaping Corporation has reported beginning inventory for September 2019 of $800,000. During the month of September, Leaping purchased inventory costing $600,000. Cost of goods sold reported on the income statement for September 2019 was $420,000. Leaping's balance sheet as of September 30, 2019 should reflect ending inventory of _ $980,000 $220,000 $620,000 $1,400,000

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