a-company-starts-with-an-inventory-of-50000-makes-purchases-of-30000-receives-pu

Question

A company starts with an inventory of $50,000, makes purchases of $30,000, receives purchase discounts of $1,000, returns $2,000 worth of goods, and has COGS of $25,000. What is the ending inventory balance?

Accepted Answer

$52,000

Answer

$56,000

Answer

$50,000

Answer

$54,000

A company starts with an inventory of \$50,000, makes purchases of \$30,000, receives purchase discounts of \$1,000, returns \$2,000 worth of goods, and has COGS of \$25,000. What is the ending inventory balance?