Bonz, Inc Is Using a Perpetual Inventory System with a December

Multiple Choice

Bonz, Inc. is using a perpetual inventory system with a December 31 year end date. The balance in this company's inventory account as of September 30 would be equal to:

A) beginning inventory as of January 01.
B) beginning inventory as of January 01 plus all purchases from the beginning of the year through September 30, less all items sold from the beginning of the year through September 30.
C) beginning inventory as of January 01 plus all purchases from the beginning of the year through September 30.
D) all purchases from the beginning of the year through September 30.