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Dent, Inc., has a beginning inventory balance of $170,000 and purchased $320,000 worth of merchandise during the first 6 months of the calendar year. Dent also sold merchandise with a cost of $410,000 during the first 6 months of the calendar year. Under the periodic inventory method, the balance in Dent's Inventory account (per the general ledger) at June 30 is $ .

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Under the periodic inventory method, the balance in Dent's Inventory account (per the general ledger) at June 30 is $170,000.

What is Periodic inventory method?

Periodic inventory method can be defined as the process where  inventory are recorded periodically.

Based on the information given the balance in Dent's Inventory account  at June 30 will be $170,000 which is the beginning inventory balance reason being that under the periodic inventory method inventory are not record as the occur but are recorded at the end of accounting period.

Inconclusion under the periodic inventory method, the balance in Dent's Inventory account (per the general ledger) at June 30 is $170,000.

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