The Merchandise Inventory account balance appearing in a worksheet represents the
A) ending inventory.
B) beginning inventory.
C) cost of merchandise purchased.
D) cost of merchandise sold.

Question

Quizplus · Accepted Answer

The Merchandise Inventory account balance appearing in a worksheet represents the ending inventory, or the value of inventory that remains at the end of an accounting period after any sales have been recorded. It does not represent the beginning inventory, cost of merchandise purchased, or cost of merchandise sold.

The Merchandise Inventory Account Balance Appearing in a Worksheet Represents