Raw materials inventory: $1,000$ units at a cost of $$10$ per unit.

Finished goods inventory: $200$ units at a cost of $$50$ per unit.

During the year $2023,$ the following transactions occurred:

Each unit of finished goods requires $2$ units of raw materials for production.

Purchased $2,000$ units of raw materials at a cost of $$12$ per unit. Used $1,500$ units of raw materials in production.

Incurred $$30,000$ of conversion costs during production.

Sold $500$ units of finished goods for a total price of $$40,000.$

cost of raw materials used in

production $=16000$

cost of finished goods prpduced $=46000$

Required ending inventory of finished goods

$2.$ cost of goods sold

$3.$ carrying value

there is no abnormal losses or write downs of inventory