Sheridan's beginning inventory is $28,000, goods purchased during the period cost $113,000, and the cost of goods sold for the period is $133,000. What is the amount of its ending inventory?

A. $18,000
B. $8000
C. $20,000
D. $38,000


Answer: B

Business

You might also like to view...

Virtually all of the specialized cells of multicellular organisms

A. contain more genetic material than less specialized cells of the same organism. B. have the same amount of DNA and the same number of chromosomes as all other cells of the organism and develop from the same basic stem cells. C. develop through mutation from less specialized cells of the organism. D. contain less genetic material than less specialized cells of the same organism.

Business

________ are messages that publicly notify an audience of information they need or want to know

A) Announcements B) Confirmations C) Goodwill messages D) Condolences E) Claims

Business

Prepayments do not have which of the following characteristics?

a. Unexpired costs for which payment has been made. b. Valuation: use carrying cost. c. Liquidity: not an issue since no cash is expected to be received. d. Usually classified as a liability.

Business

Strategy innovation is primarily concerned with:

a. the strategic market planning process. b. bringing a unique perspective to customer value creation. c. developing innovative products. d. entering new markets. e. bringing new voices into the strategy formation process.

Business