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The following information is for X Company, a manufacturer, in 2018: Direct materials purchased $37,358 Direct materials used 34,865 Direct labor 14,189 Overhead 22,597 Work
The following information is for X Company, a manufacturer, in 2018:
Direct materials purchased | $37,358 | ||
Direct materials used | 34,865 | ||
Direct labor | 14,189 | ||
Overhead | 22,597 | ||
Work in Process Inventory, January 1, 2018 | 6,924 | ||
Work in Process Inventory, December 31, 2018 | 9,270 | ||
Finished Goods Inventory, January 1, 2018 | 3,606 | ||
Cost of Goods Sold | 68,031 |
What was the balance in Finished Goods Inventory on December 31, 2018?
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