Berkley Company Had Beginning Inventory of $4,000 and Purchases of $20,000.If

Multiple Choice

Berkley Company had beginning inventory of $4,000 and purchases of $20,000.If half of its inventory was sold,Berkley's goods available for sale will:

A) be split between cost of goods sold and ending inventory.
B) appear only as an expense on the income statement.
C) appear only as an expense on the balance sheet.
D) appear only as an asset on the income statement.