Ebbe inc purchased merchandise for 500000 received

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Ebbe, Inc. purchased merchandise for $500,000; received creditfor purchase returns of $25,000, took purchase discounts of$10,000, and paid transportation costs of $15,000. Refer to Ebbe,Inc. If Ebbe, Inc. had $20,000 in beginning inventory, and soldgoods costing $300,000, what is the ending inventorybalance?

Reference no: EM13615113

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Ebbe inc purchased merchandise for 500000 received : ebbe inc. purchased merchandise for 500000 received creditfor purchase returns of 25000 took purchase discounts of10000
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