Jackson Manufacturing Company had a beginning inventory of $24,500. During the year, the company recorded inventory purchases of $140,000 and cost of goods sold of $69,000. The ending inventory must equal:

ending finished inventory= $95,500

Explanation:

Giving the following information:

Beginning inventory= $24,500.

Purchases=  $140,000

Cost of goods sold of $69,000

To calculate the ending inventory, we need to use the following formula:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

69,000= 24,500 + 140,000 - ending finished inventory

ending finished inventory= 164,500 - 69,000

ending finished inventory= $95,500

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy