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Using the following information calculate the amount of ending finished goods inventory: Manufacturing costs $1,000,000 Shoes manufactured 100,000 Beginning inventory 0 pairs Pairs of shoes
Using the following information calculate the amount of ending finished goods inventory:
Manufacturing costs | $1,000,000 |
Shoes manufactured | 100,000 |
Beginning inventory | 0 pairs |
Pairs of shoes sold during the year | 99,500 |
Selling price per pair of shoes | $18 |
Select one:
a. $8,000
b. $5,000
c. $99,500
d. $0
e. $500
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