A Company Reported the Following Information for Its Most Recent

question 12

Multiple Choice

A company reported the following information for its most recent year of operation: purchases,$100,000;beginning inventory,$20,000;and cost of goods sold,$110,000.How much was the company's ending inventory?

• A)$10,000.
• B)$20,000.
• C)$15,000.
• D)$30,000.