The Following Information Comes from the Annual Reports of Devin

question 83

Multiple Choice

The following information comes from the annual reports of Devin Designs.
$$\begin{array} { | l | r | r | r | } \hline & { \mathbf { 2 0 1 7 } } & { \mathbf { 2 0 1 5 } } &\mathbf {2 0 1 5 } \\\hline \text { Beginning irventary } & ? & ? & 2 , 2 5 0\\\hline \text { Purchases } & 12,652 & ? & ? \\\hline \text { Goods available for sale } & ? & ? & 12 ,899\\\hline \text { Ending irventary } & ? &2 , 6 6 2 & ? \\\hline \text { Cost of goods sald } & 12,213 & 10 , 9 08& 10,490 \\\hline\end{array}$$

What is the beginning inventory amount for 2017?

• A)$439
• B)$8,246
• C)$10,908
• D)$2,662

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Definitions:

Nonexcludable

Nonexcludable goods are those that cannot feasibly or reasonably be kept from individuals who do not pay for them, one of the characteristics of public goods.

Nonrival

A characteristic of a good whereby one person's consumption does not prevent or decrease the ability of others to enjoy it as well.

Private Good

A product or service that is consumed by a single individual or household and cannot be used or consumed by others simultaneously.

Pizza

A popular Italian dish consisting of a usually round, flat base of leavened wheat-based dough topped with tomatoes, cheese, and often various other ingredients, which is then baked at a high temperature.