At Westonci.ca, we make it easy for you to get the answers you need from a community of knowledgeable individuals. Explore our Q&A platform to find reliable answers from a wide range of experts in different fields. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

at the beginning of the year, bennett supply has inventory of $3,500. during the year, the company purchases an additional $12,000 of inventory. cost of goods sold for the year is $11,500. what amount will bennett report for inventory?