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by lbeany45 on October 5th, 2007

lbeany45

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If a firm’s beginning inventory is $70,000, goods purchased during the period cost $260,000, and the cost of goods sold is $300,000, what is the ending inventory?

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Answers. 3 helpful answers below.

  • by slothmister on October 5th, 2007

    slothmister

    This is SIMPLE maths!
    My 2yo boy could do it!
    Think about it and the answer will come to you.

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  • by KungFucius on October 5th, 2007

    KungFucius

    $110,000?

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  • by lbeany45 on October 5th, 2007

    lbeany45

    is the answer 30,000

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