Question 15 Not yet answered Marked out Smith Company purchases $60,000 of inventory during the period and sells $18,000 of it for $30,000. Beginning of the period inventory was $3,000. What is the company's inventory balance to be reported on its balance sheet at year end? Select one: O a. $3,000 b. $45,000 c. $2,000 d. $18,000

Smith Company purchases $60,000 of inventory during the period and sells $18,000 of it for $30,000. Beginning of the period inventory was $3,000. What is the companys imventory balance to be reported on its balance sheet at year end? Select one: a. $3,000 b. $45,000 c. 52,000 d. $18,000