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tyler toys has beginning inventory for the year of $19,500. during the year, tyler purchases inventory for $233,000 and has cost of goods sold equal to $236,000. tyler's ending inventory equals:

Sagot :

PriyaMM

The entire worth of the items you have in stock for sale at the conclusion of an accounting period, such as your fiscal year, is known as ending inventory. It is an inventory accounting technique that aids retailers in precise stock checks, financing applications, and net income benchmarking.

How do you calculate the finishing inventory's total?

  • The ending inventory of the previous period is your starting inventory. The products you purchased and added to your inventory count are the net purchases.
  • The time frame is typically one year. The cost of purchasing, ordering, and storing inventory is added together. TC is the total cost and is calculated as follows: TC = PC + OC + HC, where PC stands for purchase cost, OC for ordering cost, and HC for holding cost.
  • Ending inventory = beginning inventory + cost of good bought - cost of good sold.
  • The Correct answer is :
  • Tyler's ending inventory equals: $19,200.

Ending inventory = beginning inventory ($19,500) + purchases ($233,000) − cost of goods sold ($236,000) = $19200.

To Learn more about ending inventory refer to:

https://brainly.com/question/24868116

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