Solved

The Following Information Comes from the Annual Reports of Devin

Question 1

Multiple Choice

The following information comes from the annual reports of Devin Designs.
201720152015 Beginning irventary ??2,250 Purchases 12,652?? Goods available for sale ??12,899 Ending irventary ?2,662? Cost of goods sald 12,21310,90810,490\begin{array} { | l | r | r | r | } \hline & { \mathbf { 2 0 1 7 } } & { \mathbf { 2 0 1 5 } } &\mathbf {2 0 1 5 } \\\hline \text { Beginning irventary } & ? & ? & 2 , 2 5 0\\\hline \text { Purchases } & 12,652 & ? & ? \\\hline \text { Goods available for sale } & ? & ? & 12 ,899\\\hline \text { Ending irventary } & ? &2 , 6 6 2 & ? \\\hline \text { Cost of goods sald } & 12,213 & 10 , 9 08& 10,490 \\\hline\end{array}

What is the ending inventory amount for 2015?


A) $4,713
B) $2,409
C) $81
D) $10,583

Correct Answer:

verifed

Verified

Related Questions