find the beginning inventory for april.\ninventory\n| |beginning inventory|purchases|units…

find the beginning inventory for april.\ninventory\n| |beginning inventory|purchases|units sold|\n|--|--|--|--|\n|april|?|1,800|3,100|\n|may|7,000|3,100|2,600|\nending inventory = beginning inventory + purchases - units sold\nthe ending inventory for april is the beginning inventory for may.
Answer
Explanation:
Step1: Identify the relationship
The ending inventory for April is the beginning inventory for May, which is 7000.
Step2: Rearrange the formula
We know Ending Inventory = Beginning Inventory + Purchases - Units Sold. Rearranging for Beginning Inventory gives Beginning Inventory = Ending Inventory - Purchases + Units Sold.
Step3: Substitute values
For April, Ending Inventory = 7000, Purchases = 1800, Units Sold = 3100. So Beginning Inventory = 7000 - 1800+ 3100.
Step4: Calculate
7000 - 1800+ 3100 = 8300.
Answer:
8300