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Basic question! I just need the answer choice, no explanation needed. Just want to verify my answer. ABC Company is a manufacturing firm. At the
Basic question!
I just need the answer choice, no explanation needed. Just want to verify my answer.
ABC Company is a manufacturing firm. At the beginning of July. ABC had a total inventory balance of $13,000 During the month of July, ABC had the following transactions. Purchased raw materials costing $9,000 Paid office staff salaries of $3,000 Paid production staff salaries of $8,000 Purchased office equipment costing $25,000 Purchased production equipment costing $53,000 Recognized $4,000 depreciation on the office equipment . . . Recognized $5.000 depreciation on the production equipment Sold $31,000 worth of finished goods for $55,000 cash . Assume ali transactions, except depreciation, are for cash. What is the total inventory balance at the end of July? $4,000 $11.000 535.000 557.000
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