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What will be the ending inventory amount

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Problem - During the most recent quarter which ended on June 30, Broyle Ltd purchased $1,000,000 of inventory, returned inventory costing $30,000 and also took advantage of purchase discounts of $22,000. In addition, during the same time period, the company had Sales amount worth $1,500,000, sales return amount worth $10,000, sales discount amount worth $5,000 and gross profit amount worth $597,600. Inventory on hand at the beginning of the quarter (April 1) was $600,000. What will be the ending inventory amount (June 30)?

Reference no: EM132876713

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