Multiple Choice
Cassie Corporation has provided the following information for its most recent month of operation:
Sales $32,000,beginning inventory $8,000,purchases $16,000 and gross profit $20,000.How much was Cassie's ending inventory?
A) $4,000
B) $8,000
C) $6,000
D) $12,000
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q65: Which of the following statements is incorrect
Q75: The use of raw materials in the
Q90: Costs of goods available for sale ends
Q91: McMillan Company uses the periodic inventory
Q92: A $25,000 overstatement of the 2010 ending
Q95: Rio Company uses the FIFO inventory
Q97: Factory overhead manufacturing costs are a component
Q98: Which of the following journal entries
Q99: Coulter Company uses the LIFO inventory
Q105: The average days to sell inventory decreases