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If inventory is valued at $10,000 and the company sells goods worth $4,000, what
If inventory is valued at $10,000 and the company sells goods worth $4,000, what will be the new inventory value assuming no other changes?
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Q1
If inventory is valued at $10,000 and the company sells goods worth $4,000, what will be the new inventory value assuming no other changes?
$10,000
$6,000
$4,000
$14,000
Show Solution
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New inventory value = Initial Inventory - Cost of Goods Sold = $10,000 - $4,000 = $6,000.
Questions & Step-by-step Solutions
1 item
Q
Q: If inventory is valued at $10,000 and the company sells goods worth $4,000, what will be the new inventory value assuming no other changes?
Solution:
New inventory value = Initial Inventory - Cost of Goods Sold = $10,000 - $4,000 = $6,000.
Steps: 5
Show Steps
Step 1: Identify the initial inventory value, which is $10,000.
Step 2: Identify the value of goods sold, which is $4,000.
Step 3: Subtract the value of goods sold from the initial inventory value: $10,000 - $4,000.
Step 4: Calculate the result, which is $6,000.
Step 5: The new inventory value is $6,000.
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