What is the ending inventory balance

Reference no: EM13258926

Ebbe, Inc. purchased merchandise for $500,000; received credit for 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 sold goods costing $300,000, what is the ending inventory balance?

a. $500,000

b. $520,000

c. $200,000

d. $220,000

Reference no: EM13258926

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