How did you come up with the (h) 97000 under finished goods inventory? Raw Materials Inventory Work in process inventory Beg.Bal 20,000 Beg.Bal 15,000 a) 26,000 b) 32000 40,000 b) c) 18,000 End bal 6,000 g) 54000 97,000 h) End Bal 22000 finished goods inventory Cost of goods sold Beg.Bal 32,000 Beg bal h) 97,000 i) 70,000 70,000 i) End bal 59,000 End bal 70,000 Manufacturing overhead Selling ,General and Administrative expenses Beg.Bal Beg.Bal b) 8000 c) 31,000 c) 5,200 c) 15,500 d) 8,500 d) 2,400 e) 1600 e) 2400 f) 7,800 54000 g) End bal 51,300 End bal 22,900 Sales revenue Other Accounts Beg. Bal (Cash ,payables, etc.) 91,000 i) Beg.Bal 26,000 a) End bal 91,000 69,700 c) 10,900 d) 4000 e) 7,800 f) i) 91,000 End bal 27,400 2) Unadjusted Gross profit 21,000 (91000-70000) 3) Manufacturing overhead over applied 22,900 4) Adjusted Gross profit 43,900 (21000+22900)