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Super Tread Inc. is a large manufacturer of auto tires. Super Tread has provided the following information: Sales Revenue $55,000 Beginning Finished Goods Inventory 20,000
Super Tread Inc. is a large manufacturer of auto tires. Super Tread has provided the following information:
Sales Revenue | $55,000 |
Beginning Finished Goods Inventory | 20,000 |
Cost of Goods Sold | 33,000 |
Cost of Goods Manufactured | 40,000 |
Calculate the amount of ending Finished Goods Inventory reported on Super Tread's balance sheet.
A.
$60,00
B.
$7,000
C.
$27,000
D.
$15,000
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