The Following Information Was Taken from the 20B Income Statement

Multiple Choice

The following information was taken from the 20B income statement of Milburn Company: Pretax profit,$12,000; Total operating expenses (not including income taxes) ,$20,000; Sales revenue,$120,000; Beginning inventory,$8,000; and Purchases,$90,000.Compute the amount of the ending inventory.

A) $8,000
B) $10,000
C) $18,000
D) $88,000