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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

$9,000

$14,000

$10,000

$13,000

$16,500

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