for the month, the S t ore scored to be a red considered to be a is considered to be an indirected considered to s tart s redova use the information below to quest The following information pertains o Manufacturing costs $1,000 Shirts manufactured 100,000 Beginning inventory pain 99,500 shirts are sold during the year for $15 What is the amount of Nike's ending finished goods wentory? a $99,500 | b S DO C $5,000 d. $500 e. So 9. What is the amount of Nike's gross profit? a. $995,000 b. $1,000,000 C. $1,791,000 d. $796,000 e. $896,000 10. Which of the following statements would be correct in a manufacturing business? a. Goods that are completed are not normally included in finished goods Inventory. b. Completed goods would be including in the work in process inventory. C. Work-in-process inventory does not include direct labour. d. Materials that have been put into production are classified as work-in-process inventory. e. There can be no beginning finished goods inventory. - A NTING