Question

A company uses the periodic inventory method and the beginning inventory is overstated by $9,000 because the ending inventory in the previous period was overstated by $9,000. The amounts reflected in the current end of the period balance sheet are

Answer 1

"Correct Correct" is the right answer.

Step-by-step explanation:

• Overall inventory will be calculated by means including its physical computing mechanism at either the conclusion of each accountability conscious cognitive mostly on periodical inventory or purchasing department.
• Excessive conclusion or termination creates excessive starting inventory thresholds or their levels.