Please do not give solution in image format thanku The following information is available for Pharoah Company for 2025:AccountInventory (beginning)PurchasesFreight-inPurchase Discounts and ReturnsSales RevenueSales ReturnsDebit$683004275006400Credit$62006418008400If Pharoah's cost of goods sold is $397200, what is its ending inventory for 2025?

Lets understand the basics.Cost of goods sold is a cost of acquisition or producing product which is…

Answered: The following information is available…

The following information is available for Pharoan Company for Account Inventory (beginning) Purchases Freight-in Debit $68300 427500 6400 Credit

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 7MCQ

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Question

Please do not give solution in image format thanku

The following information is available for Pharoah Company for 2025:
Account
Inventory (beginning)
Purchases
Freight-in
Purchase Discounts and Returns
Sales Revenue
Sales Returns
Debit
$68300
427500
6400
Credit
$6200
641800
8400
If Pharoah's cost of goods sold is $397200, what is its ending inventory for 2025?

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