Question
The following information is for Pharoah Inc. for the year 2022: Manufacturing costs $3,014,400 Number of gloves manufactured 314,000 pairs Beginning inventory 0 pairs Sales
The following information is for Pharoah Inc. for the year 2022:
| Manufacturing costs | $3,014,400 | ||
| Number of gloves manufactured | 314,000 | pairs | |
| Beginning inventory | 0 | pairs |
Sales in 2022 were 312,500 pairs of gloves for $20 per pair.
What is the cost of the finished goods ending inventory for 2022?
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Management And Cost Accounting
Authors: Alnoor Bhimani, Srikant M. Datar, Charles T. Horngren, Madhav V. Rajan
7th Edition
1292232668, 978-1292232669
