Question
Shockglass Company had a beginning inventory of $16,000. During the year, the company recorded inventory purchases of $55,000 and a cost of goods sold of
Shockglass Company had a beginning inventory of $16,000. During the year, the company recorded inventory purchases of $55,000 and a cost of goods sold of $52,000.
The ending inventory [{Blank}].
- $28,000
- $27,000
- $19,000
- $26,000
Do not copy from Chegg and give complete answer with explanation
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Accounting And Auditing Research Tools And Strategies
Authors: Thomas Weirich, Thomas C. Pearson, Alan Reinstein
6th Edition
032430224X, 9780324302240
