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What the inventory at december is

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The following information for the year Year 1 is taken from the accounts of Tuttle Company. The company uses the periodic inventory method. Inventory, December 31, Year 1 $ 9,000 Purchases 41,000

Purchase returns and allowances                                    700

Purchase discounts                                                       500

Freight on goods purchased under terms FOB shipping point 1,700

Freight on goods sold under terms FOB destination                900

Cost of goods sold                                                        29,400

Question 1: Based on this information, the inventory at December 31, Year 2 is

Reference no: EM132464874

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