Question: please answer the quesiton and explain how you got that answer. thank you! ABC Cornpaoy is a merchandising business. In Year 1 , the business

please answer the quesiton and explain how you got that answer. thank you!

ABC Cornpaoy is a merchandising business. In Year 1 , the business experienced the following events: 1. Acquired $1.000 cash from the issue of common stock. 2. Purchased inventory for $270 cash 3. Sold imventory costine $210 for $220. What is the value of ABC Company's ending merchandice inwentory? 310 $270 $60 $210

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