Tumbler Co. had an inventory balance of $15,250 on January 1, purchased $34,000 during the accounting period, and the cost of goods sold was $28,000. What is the ending balance in the inventory account?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Tumbler Co. had an inventory balance of $15,250 on January 1, purchased $34,000 during the accounting period, and the cost of goods sold ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A region is in the middle of a very cold and snowy winter. As a result, hot chocolate has become more desirable, and many of the shipping channels for imported goods have closed due to the weather.
Answers (1)
On June 30, the board of directors of Sandals, Inc., declares and pays a 100% stock dividend on its 30,000, $1 par, common shares. The market price of Sandals common stock is $35 on June 30.
Answers (1)
Which investor is making a common error? an employee of a popular hardware store who invests only in that company's stock an employee of a popular software company who invests in many similar companies someone who sells the slumping stock of an auto
Answers (2)
Joachim is the sales manager of a large car dealership. He wants to increase sales significantly over the next 12 months, and he and his staff brainstormed several ideas to achieve this. Joachim now has to choose among these alternatives.
Answers (1)
A produce distributor uses 800 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of 35 percent of the purchase price per crate. Ordering costs are $28.
Answers (1)
New Questions in Business
The distribution of the venture's cash flows directly to the owners is a venture harvesting process known as: a. systematic liquidation b. outright sale c. chapter 11 bankruptcy d. going public
Answers (1)
What is the true income tax rate on interest income if the nominal interest rate is 8 percent a year, the inflation rate is 5 percent a year, and the tax rate on nominal interest is 25 percent? The true income tax rate is nothing percent.
Answers (1)
What is the margin of safety? A) how much sales can fob for a business start making less than 5% B) how much sales can fall before a business starts making a loss C) how much sales can fall before a business makes less than 15% D) none of the above
Answers (1)
Flo's Flowers has annual sales of $61,888, depreciation of $8,100, interest paid of $970, cost of goods sold of $29,400, taxes of $4,918, and dividends paid of $4,810. The firm has total assets of $105,300 and total debt of $51,600.
Answers (1)
Which best describes the Hospitality and Tourism career cluster? A group of careers that focus on going from one place to another for business, pleasure, or other reasons.
Answers (1)