Question
Cost of goods manufactured by Hobte & Co for July is $419,000. At the end of July, the company had a finished goods inventory of
Cost of goods manufactured by Hobte & Co for July is $419,000. At the end of July, the company had a finished goods inventory of $98,000. Cost of goods sold during June and July are $400,000 and $405,000 respectively. What is the finished goods inventory at the end of June?
| a. | $ 89,000 | |
| b. | $ 5,000 | |
| c. | $ 84,000 | |
| d. | $ 112,000 | |
| e. | $ 107,000 |
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How To Audit The Process Based QMS
Authors: Arter, Dennis R., Cianfrani, Charles A, And West, John E., 'Jack'
2nd Edition
0873898443, 978-0873898447
