The balance in the Finished Goods inventory account at the beginning of the year was:
A) $8,500.
B) $13,000.
C) $17,500.
D) $28,000.

Question

Quizplus · Accepted Answer

The question does not provide us with any further information on how we can determine the starting balance for the Finished Goods inventory. However, based on the options provided, we can only select one answer that matches with an option that is between the highest and lowest values. Therefore, the best choice is B, which falls between A and C.

The Balance in the Finished Goods Inventory Account at the Beginning