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Delta Merchandising,Inc What Was the Ending Inventory for the Company at Year-End

Question 26

Multiple Choice

Delta Merchandising,Inc.,has provided the following information for the year just ended:
 Net sales $128,500 Beginning inventory $24,000 Purchases $80,000 Gross margin $38,550\begin{array} { l r } \text { Net sales } & \$ 128,500 \\\text { Beginning inventory } & \$ 24,000 \\\text { Purchases } & \$ 80,000 \\\text { Gross margin } & \$ 38,550\end{array}
What was the ending inventory for the company at year-end?


A) $65,450.
B) $24,500.
C) $14,050.
D) $9,950.

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