Delta Merchandising,Inc. ,has provided the following information for the year just ended:
What was the ending inventory for the company at year-end?
A) $65,450.
B) $24,500.
C) $14,050.
D) $9,950.EI = 24,000 + 80,000 - (128,500 - 38,550)= $14,050

Question

Delta Merchandising,Inc. ,has provided the following information for the year just ended: 
What was the ending inventory for the company at year-end?
A) $65,450. 
B) $24,500. 
C) $14,050. 
D) $9,950.EI = 24,000 + 80,000 - (128,500 - 38,550)= $14,050

Quizplus · Accepted Answer

The calculation for ending inventory is: Beginning Inventory + Purchases - Cost of Goods Sold = Ending Inventory. Using the information given in the table, we can calculate the ending inventory to be $14,050. Therefore, the correct answer is C. None of the other answer choices are correct.