(Answered) Question - smith company purchases 60000 of inventory

Accounting

Question - Smith Company purchases $60,000 of inventory during the period and sells $18,000 of it for $30,000. Beginning of the period inventory was $3,000. What is the company's inventory balance to be reported on its balance sheet at year end?

A. $ 2,000

B. $45,000

C. $18,000

D. $ 3,000

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