1)Figure 2-4. Junko Company makes financial calculators. During the year Junko manufactured 97,000 financial calculators. Finished goods inventory had the following units on hand:

January 1	1,260
December 31	1,040

Refer to Figure 2-4. How many financial calculators did Junko sell during the year?

Answer

a)96,780

b)97,220

c)97,000

d)98,260

2)Figure 2-4. Junko Company makes financial calculators. During the year Junko manufactured 97,000 financial calculators. Finished goods inventory had the following units on hand:

January 1	1,260
December 31	1,040

Refer to Figure 2-4. If each financial calculator had a per-unit product cost of $112, what was the cost of Finished goods inventory on December 31?

Answer

a)$116,480

b)$141,120

c)$24,640

d)none of these are correct

3)Figure 2-4. Junko Company makes financial calculators. During the year Junko manufactured 97,000 financial calculators. Finished goods inventory had the following units on hand:

January 1	1,260
December 31	1,040

Refer to Figure 2-4. If each financial calculator has a per-unit product cost of $112, what was the cost of goods sold last year?

Answer

		a)$10,864,000
		b)$10,839,360
		c)$11,005,120
		d)$10,888,640