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:

Labor Force

The total number of people employed or seeking employment in a country or region.

Civilian Labor Force

The sum of all civilians classified as employed or unemployed, indicating those available for work.

Discouraged Worker

An individual who is not actively seeking employment due to believing that no work is available for them, leading to their exclusion from the labor force in unemployment statistics.

Bureau Of Labor Statistics

A U.S. government agency that collects and analyses economic data to report on labor market activity, working conditions, and price changes.