Tumbler Co. had an inventory balance of $15,250 on January 1, purchased $34,000 during the accounting period, and the cost of goods sold was $28,000. What is the ending balance in the inventory account?

Ending balance of inventory = $21,250

Explanation:

Given:

Opening Inventory = $15,250

Purchase during the year = $34,000

Cost of goods sold = $28,000

Ending balance of inventory =?

Computation of Ending balance of inventory :

Cost of goods sold = Opening Inventory + Purchase during the year - Ending balance of inventory

$28,000 = $15,250 + $34,000 - Ending balance of inventory

Ending balance of inventory = $49,250 - $28,000

Ending balance of inventory = $21,250

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.