Final answer:
Ending inventory is listed as an asset on the balance sheet, reflecting the value of goods held for sale.
Step-by-step explanation:
The ending inventory is listed on the balance sheet under the section for current assets. In accounting, inventory represents goods that a company holds with the intent to sell them, and it is recorded as an asset because it provides future economic benefits to the company. The value of the ending inventory is based on the cost of obtaining or producing the goods and is crucial for calculating the cost of goods sold (COGS) during the accounting period, which will be reported on the income statement.