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Business, 05.05.2020 04:14 anthonygeorge7

The following information for Year 2 is taken from the accounts of Tuttle Company. The company uses the periodic inventory system. Inventory, December 31, Year 1 $ 9,600 Purchases 41,600 Purchase returns and allowances 760 Purchase discounts 560 Freight on goods purchased under terms FOB shipping point 1,760 Freight on goods sold under terms FOB destination 960 Cost of goods sold 30,000 Based on this information, what is the inventory at December 31, Year 2

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