Company A reported the following information for 2020: Beginning Inventory: $200,000 Purchases of New Inventory: $520,000 Sales Revenue: $850,000 Cost of Goods Sold: $640,000 What should the company report as the ending balance of inventory on its 2020 Balance Sheet?

Answer rating: 100% (QA)

To calculate net exports we use the formula Net E... View the full answer