The Sam Company manufactures tools. In 2018, they manufactured 21,000 tools but sold 20,000 tools. In 2018, their change in inventory was:

Select one:

A. 1000 tools

B. - 1000 tools

C. - 3000 tools

Question

Annabelle Flores

Business

29 March, 10:12

The Sam Company manufactures tools. In 2018, they manufactured 21,000 tools but sold 20,000 tools. In 2018, their change in inventory was:

Select one:

A. 1000 tools

B. - 1000 tools

C. - 3000 tools

+4

Answers (1)

Know the Answer?

Avery Blanchard · Answer 1

A. 1000 tools

Explanation:

Sam Company manufactured 21,000 machines.

Sam Company sold 20,000 tools.

The changes in inventory = Manufactured items - Sold items

The changes in inventory = 21,000 tools - 20,000 tools.

The changes in inventory = 1,000 tools.

Since there are no beginning inventories, we cannot add it with the manufactured items. Therefore, we just deducted the sales volume from production.

The Sam Company manufactures tools. In 2018, they manufactured 21,000 tools but sold 20,000 tools. In 2018, their change in inventory was:Select one:A. 1000 toolsB. - 1000 toolsC. - 3000 tools

The Sam Company manufactures tools. In 2018, they manufactured 21,000 tools but sold 20,000 tools. In 2018, their change in inventory was:

Select one:

A. 1000 tools

B. - 1000 tools

C. - 3000 tools