Dovetail Cabinetry is a custom cabinet and furniture shop in Finland. Dovetail uses a periodic inventory system. This year, Dovetail purchased €15 million in furniture which it officially received on February 13 and €20 million in cabinetry which it officially received on March 3. It's beginning inventory was €56 million and it has sold €21 million in cabinets and furniture through March 31. How much inventory does Dovetail have recorded on its books as of March 31?
A) 112 million
B) 91 million
C) 70 million
D) 56 million
Correct Answer:
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