Multiple Choice
Smith Company purchases $60,000 of inventory during the period and sells $18,000 of it for $30,000. Beginning of the period inventory was $3,000. What is the company's inventory balance to be reported on its balance sheet at year end?
A) $18,000
B) $ 2,000
C) $45,000
D) $ 3,000
Correct Answer:
Verified
Correct Answer:
Verified
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