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Mi-T-M Corporation is a manufacturer of high-quality industrial equipment including power washers and generators. The following was reported in the preceding year: Raw Materials inventory
Mi-T-M Corporation is a manufacturer of high-quality industrial equipment including power washers and generators. The following was reported in the preceding year: Raw Materials inventory Work in Process Inventory Finished Goods Inventory Beginning Inventory Ending Inventory V/ 12/31 $43,600 $38.000 $36.800 77 $37.500 77 Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Unadjusted cost of goods sold $206100 $157.000 $160,000 $527600 $545.300 What was the ending Finished Goods Inventory balance on 12/31
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