Delta Merchandising,Inc What Was the Ending Inventory for the Company at Year-End

Delta Merchandising,Inc.,has provided the following information for the year just ended:
$\begin{array}{|l|r|}\hline \text { Net sales } & \$ 128,500 \\\hline \text { Beginning inventory } & \$ 24,000 \\\hline \text { Purchases } & \$ 80,000 \\\hline \text { Gross margin } & \$ 38,550 \\\hline\end{array}$
What was the ending inventory for the company at year-end?

A) $65,450.
B) $24,500.
C) $14,050.
D) $9,950.

Correct Answer:

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