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Given is selected information from Nathaniels Service Shop's June Income Statement and Statement of Cost of Goods Manufactured: Cost of goods sold $115,000 Cost of
Given is selected information from Nathaniels Service Shop's June Income Statement and Statement of Cost of Goods Manufactured:
Cost of goods sold | $115,000 |
Cost of goods manufactured | $105,000 |
Finished goods inventory, June 30 | $ 20,000 |
Nathaniel's Service Shop's finished goods inventory, on June 1, was:
A. | 35,000 | |
B. | 20,000 | |
C. | 30,000 | |
D. | 40,000 |
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