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Karl's Keychain Company produces keychains that sell in its stores for $1 each. On January 1, 2015, the company had inventory of 10,000 keychains. During 2015, the company produced 900,000 keychains. At the end of the business year on December 31, 2015, the company's inventory of keychains was 8,000. What was the value of Karl's inventory investment in 2015

Sagot :

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Answer:

$2,000

Explanation:

Calculation to determine the value of Karl's inventory investment in 2015

On January 1, 2015, beginning inventory $10,000

Less December 31, 2015, ending inventory $8,000

2016 value of Karl's inventory investment $2,000

Therefore the value of Karl's inventory investment in 2015 will be $2,000

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