Question
19. McCoy produces 300,000 custom folders for students. The Unit Product Costs are $3 per folder and its Beginning Finished Goods Inventory is $0. If
19. McCoy produces 300,000 custom folders for students. The Unit Product Costs are $3 per folder and its Beginning Finished Goods Inventory is $0. If McCoy sells 250,000 folders, and the rest remain on the Balance Sheet, what is the value of the Finished Good Inventory at Year End?
a. $900,000
b. $750,000
c. $150,000
d. $50,000
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Auditing And Assurance Services
Authors: Alvin Arens, Randal J. Elder
14th Global Edition
0273755013, 978-0273755012
