Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

44. Cupcake Schedules, a subsidiary of LittleTen, Inc., had one job in process during September. On September 1 the balance of finished goods inventory was

image text in transcribed
44. Cupcake Schedules, a subsidiary of LittleTen, Inc., had one job in process during September. On September 1 the balance of finished goods inventory was $0. During the month, the company completed 40 units and sold 10 units. The total manufacturing cost of the job was $4,000. What is the value of finished goods inventory at the end of September? A. $4,000 B. $3,000 C. $1,000 D. $0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Process Approach Audit Checklist For Manufacturing

Authors: Karen Welch

1st Edition

0873896440, 978-0873896443

More Books

Students also viewed these Accounting questions

Question

Does Schauer have any right to sue for breach of contract?

Answered: 1 week ago

Question

Did you organize your thoughts and make a Table of Contents?

Answered: 1 week ago

Question

Solve the following 1,4 3 2TT 5x- 1+ (15 x) dx 5X

Answered: 1 week ago