Question
The following information is available for Beta Company: Beginning Finished Goods inventory $ 35,000 Sales $400,000 Gross Profit $110,000 Cost of goods sold $290,000 Cost
The following information is available for Beta Company:
| Beginning Finished Goods inventory | $ 35,000 |
| Sales | $400,000 |
| Gross Profit | $110,000 |
| Cost of goods sold | $290,000 |
| Cost of goods manufactured | $270,000 |
What is the amount of the ending Finished Goods inventory?
| a. | none of these | |
| b. | $15,000 | |
| c. | $35,000 | |
| d. | $55,000 | |
| e. | $20,000 |
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Active Auditing A Practical Guide To Lean And Agile Auditing
Authors: Prescott Coleman, Sandy Kasahara
1st Edition
1092839305, 978-1092839303
