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The following information is available for Standards Company: Accounts payable, January 1, 2026 $8,500 Inventory, January 1, 2026 $12,500 Accounts payable, December 31, 2026 $11,000

The following information is available for Standards Company: Accounts payable, January 1, 2026 $8,500 Inventory, January 1, 2026 $12,500 Accounts payable, December 31, 2026 $11,000 Cost of Goods Sold for 2026 $92,000 Payments to vendors during 2026 $91,000 12/31/26 Inventory is a. $9,000 > b. $14,000 c. $10,000 d. $13,000 e. $16,500

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