Which inventory appears in the balance sheet column of the worksheet?

Question

Quizplus · Accepted Answer

Ending inventory appears in the balance sheet column of the worksheet, as it represents the value of unsold inventory at the end of the reporting period. Beginning inventory represents the value of inventory at the beginning of the period and is typically used in the calculations for cost of goods sold. Purchases represent the cost of acquiring additional inventory during the period and are also used in the calculations for cost of goods sold. A combination of beginning and ending inventories may be used in other calculations, such as average inventory, but would not appear in the balance sheet column of the worksheet.

Which Inventory Appears in the Balance Sheet Column of the Worksheet