Bedrock Company reported a December 31 ending inventory balance of $414,500. The following additional information is also available: The ending inventory balance of $414,500 included $73,700 of consigned inventory for which Bedrock was the consignor. The ending inventory balance of $414,500 included $25,400 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the coming year. Based on this information, the correct balance for ending inventory on December 31 is:

$389,100

Explanation:

Calculation to determine what the correct balance for ending inventory on December 31 is:

Using this formula

Ending inventory on December 31=Ending inventory balance-Office supplies

Let plug in the formula

Ending inventory on December 31=$414,500- $25,400

Ending inventory on December 31=$389,100

Therefore the correct balance for ending inventory on December 31 is:$389,100

Explanation:

There are certain ethical concerns for some companies seeking to sell products to the bottom of the pyramid. This is associated with problems like appropriate Products where the concerns are related to the creating of the products which are created in the same way. Companies like Nestle and Nike had faced issues and also ethical scrutiny for their charges of such exploitation in the developing countries.

There are other ethical concerns which are related to advertising and  misrepresentation of their products and their services.

These companies understands the characteristics of the advertising and potential dangers that are related to their product.