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The following information is for Sandhill Inc. for the year 2022: Manufacturing costs $ 3,011,500 Number of gloves manufactured 317,000 pairs Beginning inventory 0 pairs
The following information is for Sandhill Inc. for the year 2022:
Manufacturing costs | $ 3,011,500 | ||
Number of gloves manufactured | 317,000 | pairs | |
Beginning inventory | 0 | pairs |
Sales in 2022 were 315,100 pairs of gloves for $ 22 per pair.
What is the cost of the finished goods ending inventory for 2022? (Round cost per unit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 125.)
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