If a Firm Has Purchases of $50,000,a Starting Inventory of $35,000

question 2

Multiple Choice

If a firm has purchases of $50,000,a starting inventory of $35,000 and the cost of goods sold is $45000,what is the dollar amount of its ending inventory?

• A)$40,000
• B)$80,000
• C)$85,000
• D)$130,000

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Definitions:

Friendship

A close and trusted relationship between two or more people, typically characterized by mutual affection and support.

Prejudged

To make a decision or form an opinion about something or someone in advance, without full examination or knowledge.

Worthy of Friendship

A philosophical concept referring to qualities that make someone a good friend.

Valid Argument

An argument wherein if the premises are true, the conclusion necessarily follows.