1200 units of product x 12,500 insurance cost during transit of purchased goods 200 freight-in 350 cost of labor to bring product x to saleable condition 3,200 total 16,250 none of the inventory was sold during the period. what will be the ending balance in pete co.’s inventory?

The ending balance in Pete Co.’s inventory is $16,250

Explanation:

The ending inventory is that inventory that is available for sale in the market. The recording of the inventory is done based on cost or market value whichever is lower.

The computation of the ending inventory would be equal to

= Product cost + insurance cost + freight-in cost + cost of labor  

= $12,500 + $200 + $350 + $3,200

= $16,250

Thus, the ending inventory involve all types of cost which is used for production, selling, transporting of the inventory to the final consumer.  

answer; it can vividly demonstrate product attributes and persuasively explain their corresponding consumer benefits;

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!