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Here are selected data for King Friday Corporation: Beginning raw materials inventory $37,000 Beginning work in process inventory $61,500 Beginning finished goods inventory $56,600 Cost
Here are selected data for King Friday Corporation:
Beginning raw materials inventory | $37,000 | Beginning work in process inventory | $61,500 | |
Beginning finished goods inventory | $56,600 | Cost of materials purchased | $151,000 | |
Cost of direct materials requisitioned | $91,300 | Direct labor incurred | $125,000 | |
Actual manufacturing overhead | $160,000 | Cost of goods manufactured | $287,800 | |
Cost of goods sold | $265,700 | Manufacturing overhead rate (% of direct labor) | 125% |
What is the finished goods ending inventory?
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