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3 June, 19:58

In June, HSG Corp. purchased $375,000 in inventory, and their cost of goods sold for the month totaled $408,000. If HSG Corp.'s beginning inventory was $67,000, what is their ending inventory? A $341,000 B $475,000 C $34,000 D $442,000 E Not enough information given to determine an answer

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  1. 3 June, 23:47
    0
    C 34,000

    Explanation:

    Beginning Inventory

    + Purchase for the period

    - COGS (output of units)

    Ending Inventory

    67,000 Beginning

    375,000 Purchased unit

    442,000 good available for sale

    (408,000) cost of good sold

    34,000 ending inventory

    The purchase increase the amount of unit in inventory

    and the sales decrease the inventory by the amount of cost of goods sold
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