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The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Teventos Beg. Bal. 9,300 2 Transferred Out Purchases 2 Cost of Good Bold 70,000 Pined Goods you Beg. Bal. 2 Transferred Out End. Bal. 7,700 Mochi Process Tovatory Beg. Bal. 8,800 2 Transferred Out Materials 20,600 Labor 14,800 Overhead 9,300 End. Bal. 2 Transferred in 40,800 End, Bal. 5,500 What is the value of the beginning Finished Goods Inventory? Multiple Choice 534,700 What is the value of the beginning Finished Goods Inventory? Multiple Choice $34,700 $0 $5,500 $14,600
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