Beginning inventory was $3,600, purchases totaled $20,200 and and Cost of Goods Sold was $17,200. What is the ending inventory? Assume gross profit is $0.

A) $3,000
B) $600
C) $6,600
D) $13,600

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated for financial reporting and tax purposes.

Cost of Goods Sold

Cost of goods sold (COGS) is the direct cost attributed to the production of the goods sold by a company, including the material and labor expenses.

Gross Profit

The distinction between sales income and the expense of goods sold prior to subtracting overhead costs, wages, taxes, and interest charges.