Ignore your answer to Question 6 and assume the transfers (cost of goods manufactured) form WIP to FG equaled $500,000. Determine the amount of Finished Goods Inventory transferred to the Income Statement.

process inventory, ending $63,000 Finished goods inventory, ending $84,000 Use this information to answer the following question Determine the costs transferred from Work In Process to Finished Goods Inventory Question 7 O out of 10 points The following pertains to Constant Co for September 2021 Sales $1,300,000 Raw materials inventory, beginning $40,000 Work in process inventory, beginning $54,000 Finished goods inventory, beginning $63,000 Raw materials purchases $180,000 Direct labor $230,000 Indirect labor $50,000 Repairs Factory equipment $31,000 Rent cost of factory building $49,000 Selling expenses $101,000 General and administrative expenses $160,000 Raw materials inventory, ending $42,000 Work in process inventory, ending $63,000 Finished goods inventory, ending $84,000 Use this information to answer the following question Ignore your answer to Question 6 and assume the transfers (cost of goods manufactured) from WIP to FG equaled $500,000 Determine the amount of Finished Goods Inventory transferred to the Income Statement