using-a-t-account-determine-the-ending-inventory-balance-given-beginning-invento

Question

Using a T account, determine the ending inventory balance given: Beginning Inventory $$25,000, Purchases 20$$,000, Purchase Discounts $$1,000, Purchase Returns 2$$,000, and COGS $15,000.

Accepted Answer

$27,000

Answer

$28,000

Answer

$32,000

Answer

$30,000

Using a T account, determine the ending inventory balance given: Beginning Inventory \$25,000, Purchases \$20,000, Purchase Discounts \$1,000, Purchase Returns \$2,000, and COGS \$15,000.