Question

For the given inventory data, what is the estimated ending inventory at cost?

a) None of the other answer choices are correct.
b) $112,840
c) $107,398
d) $104,344

Answer 1

To estimate the ending inventory at cost, you need to know the beginning inventory, purchases, and sales. Given that the inventory data is not provided, there is not enough information to determine the estimated ending inventory at cost.

Step-by-step explanation:

To estimate the ending inventory at cost, you need to know the beginning inventory, purchases, and sales. With this information, you can use the formula:

Ending Inventory at Cost = Beginning Inventory + Purchases - Cost of Goods Sold (sales)

Since the given inventory data is not provided in the question, it is not possible to determine the estimated ending inventory at cost. Therefore, option a) None of the other answer choices are correct.