Below is a T-account for inventory.InventoryJan 1.25,000 Mar. 2558,00062,000Apr. 24Sep. 3072,00069,000Oct. 5 ? Which of the following is true?
A. Inventory purchases during the year had a cost of $130,000.
B. Inventory sold during the year had a cost of $131,000.
C. The ending balance of inventory is $24,000.
D. All of the other answer choices are correct.
Answer: D
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