Question
Question 55. Fairchild Pty Ltd began April with a finished goods inventory of $25,000. The cost of goods manufactured during the month was $40,000and the
Question 55. Fairchild Pty Ltd began April with a finished goods inventory of $25,000. The cost of goods manufactured
during the month was $40,000and the cost of goods sold during April was $50,000.
The inventory remaining in finished goods at the end of April was:
A. $35,000.
B. $25,000.
C. $20,000.
D*. $15,000.
E. $10,000.
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Management Accounting
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
7th Edition
978-1760421144, 1760421146
