Question
The following information appears on the income statement of the Davis Company at the end of the year. Sales $500,000 Cost of Goods Manufactured $360,000
The following information appears on the income statement of the Davis Company at the end of the year.
Sales $500,000
Cost of Goods Manufactured $360,000
Gross Profit on Sales $160,000
Beginning finished goods inventory $120,000
What is the ending finished goods inventory?
| $140,000. |
| $160,000. |
| $200,000. |
| $220,000. |
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Auditing And Accounting On Aix
Authors: IBM Redbooks
1st Edition
0738418501, 978-0738418506
