Homework Answers
Calculate ending inventory
| Beginning inventory | 94000 | |
| Purchase | 410000 | |
| Less: Purchase return | -4100 | |
| Less:Purchase discount | -8118 | |
| Freight in | 7600 | |
| Cost of purchase | 405382 | |
| Cost of goods available for sale | 499382 | |
| Less: Cost of goods sold | -372000 | |
| Ending inventory | 127382 | |
So answer is c) $127382
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