Minot Company's inventory balance on December 31, 2012 was $775,000 before considering the following transactions:

Minot Company also had the following information available:
Given the above information, compute Minot Company's inventory balance on December 31, 2012.

Question

Minot Company's inventory balance on December 31, 2012 was $775,000 before considering the following transactions:
 
Minot Company also had the following information available:
  Given the above information, compute Minot Company's inventory balance on December 31, 2012.

Quizplus · Accepted Answer

The Answer of Minot Company's inventory balance on December 31, 2012 was $775,000 before considering the following transactions:
 
Minot Company also had the following information available:
  Given the above information, compute Minot Company's inventory balance on December 31, 2012.

Minot Company's Inventory Balance on December 31, 2012 Was $775,000