Question
Rizzo Shoes has provided the following information for the last moth of operations: Total Sales: $ 32'000, Beginning Inventory: $ 8 000, Inventory Purchases: $
Rizzo Shoes has provided the following information for the last moth of operations: Total Sales: $ 32'000, Beginning Inventory: $ 8 000, Inventory Purchases: $ 16 000, Gross Profit: $ 20 000, What is Rizzo Shoes' ending inventory?
a.$ 8000
b.$ 4'000
c.$ 6000
d. $ 12000
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Financial Accounting
Authors: John Hoggett, Lew Edwards, Evelyn Hogg, John Medlin, Matthew Tilling
8th Edition
1742466362, 978-1742466361
