Cost of Goods Sold Is $108,000, Beginning Inventory Is $20,000

question 20

Multiple Choice

Cost of goods sold is $108,000, beginning inventory is $20,000 and purchases is $100,000. What is ending inventory?

• A)$32,000
• B)$12,000
• C)$128,000
• D)$102,000

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Definitions:

Environment

The surrounding conditions, including physical, social, and cultural factors, that can influence the performance and well-being of employees.

Organizational Culture

The shared values, beliefs, and norms that influence the behavior of individuals within an organization.

Critical Incidents

Specific instances or events that significantly impact the operations or outcomes in a situation, often used for analysis in problem-solving or performance evaluation.

Rating

The process of evaluating or assessing something or someone, typically in terms of quality, quantity, or some form of measurement.