Tyler Toys has beginning inventory for the year of $19,500. During the year, Tyler purchases inventory for $235,000 and...

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Question

Tyler Toys has beginning inventory for the year of $19,500. During the year, Tyler purchases inventory for $235,000 and has c

Answer 1

Answer #1

Cost of goods sold=Beginning inventory+Purchases-Ending inventory

238,000=19500+235,000-Ending inventory

Ending inventory=19500+235,000-238,000

=$16500

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Answer 2

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