Answer:
beginning inventory = $245,000
Explanation:
given data
ending inventory = $150,000
purchased additional inventory = $375,000
cost of goods sold = $470,000
to find out
beginning inventory
solution
we get here beginning inventory that is express as
beginning inventory = cost of goods sold - purchased additional inventory + ending inventory .........................1
put here value we get
beginning inventory = ($470,000 - $375,000 + $150,000)
beginning inventory = $245,000
