a-company-has-a-beginning-balance-in-inventory-of-20000-it-purchases-15000-worth

Question

A company has a beginning balance in inventory of $$20,000. It purchases 15$$,000 worth of goods and sells $18,000 worth of goods. What is the ending inventory balance?

Accepted Answer

$17,000

Answer

$15,000

Answer

$23,000

Answer

$20,000

A company has a beginning balance in inventory of \$20,000. It purchases \$15,000 worth of goods and sells \$18,000 worth of goods. What is the ending inventory balance?