Tyler Toys has beginning inventory for the year of $18,000. During the year, Tyler purchases inventory for $230,000 and has cost of goods sold equal to $233,000. Tyler's ending inventory equals:

a. $15,000.

b. $18,000.

c. $21,000.

d. $19,000.

Question

Social Studies

Jakob Bailey

13 January, 08:47

Tyler Toys has beginning inventory for the year of $18,000. During the year, Tyler purchases inventory for $230,000 and has cost of goods sold equal to $233,000. Tyler's ending inventory equals:

a. $15,000.

b. $18,000.

c. $21,000.

d. $19,000.

+3

Answers (1)

Know the Answer?

Addison Stevenson · Answer 1

The correct answer is option A: $15,000.

Explanation:

You substract the 3 thousand dollards left from teh 18 original grand and you get the equals of the inventory.

Tyler Toys has beginning inventory for the year of $18,000. During the year, Tyler purchases inventory for $230,000 and has cost of goods sold equal to $233,000. Tyler's ending inventory equals:a. $15,000.b. $18,000.c. $21,000.d. $19,000.

Tyler Toys has beginning inventory for the year of $18,000. During the year, Tyler purchases inventory for $230,000 and has cost of goods sold equal to $233,000. Tyler's ending inventory equals:

a. $15,000.

b. $18,000.

c. $21,000.

d. $19,000.