Retail Company Reported the Following Amounts on Its 20X2 Income

question 91

Multiple Choice

Retail Company reported the following amounts on its 20X2 income statement: Purchases, $45,000; Beginning 20X2 inventory, $15,000; and Cost of goods sold, $50,000. What was the 20X2 ending inventory?

• A) $10,000
• B) $25,000
• C) $26,000
• D) $27,000

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Definitions:

Sarcolemma

The sarcolemma is the specialized plasma membrane surrounding striated muscle fiber cells.

Sarcomere

The fundamental unit of muscle structure that is responsible for muscle contraction, composed of myosin and actin filaments.

A Band

Length of the myosin myofilament in a sarcomere.

H Zone

Area in the center of the A band in which there are no actin myofilaments; contains only myosin.