What merchandise inventory beginning should be

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The following was extracted on unadjusted trial balance:

Merchandise Inventory end, 220,000

Purchases, 150,000

Purchases Discounts, 20,000

Purchase Returns and Allowance, 40,000

Transportation In, 10,000

Transportation Out, 20,000

Cost of Goods Sold, 120,000

Problem 1: Merchandise Inventory beginning should be?

a. 220,000

b. 200,000

c. 240,000

d. cannot be computed

Reference no: EM132737889

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