Axle Inc.updates its inventory perpetually.Its beginning inventory is $35,000,goods purchased during the period cost $120,000,and the cost of goods sold for the period is $140,000.What is the amount of the ending inventory?
A) $45,000
B) $20,000
C) $25,000
D) $15,000

Question

Quizplus · Accepted Answer

The Answer of Axle Inc.updates its inventory perpetually.Its beginning inventory is $35,000,goods purchased during the period cost $120,000,and the cost of goods sold for the period is $140,000.What is the amount of the ending inventory?
A) $45,000
B) $20,000
C) $25,000
D) $15,000

Axle IncUpdates Its Inventory Perpetually