Reading 35: Inventories - LOS c, (Part 1) ～ Q27 white, about, company, provided, following

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Q27. An analyst provided the following information about a company:

§         Purchases throughout the year         $55,000

§         COGS                                            $60,000

§          Ending inventory                             $35,000

The beginning inventory was:

A)   $45,000.

B)   $55,000.

C)   $40,000.

mayanfang1

答案和详解如下：

Q27. An analyst provided the following information about a company:

§         Purchases throughout the year         $55,000

§         COGS                                            $60,000

§          Ending inventory                             $35,000

The beginning inventory was:

A)   $45,000.

B)   $55,000.

C)   $40,000.

Correct answer is C)         

COGS of $60,000 + ending inventory of $35,000, less purchases of $55,000.