Question
You have the following information about Smith Manufacturing: Finished Goods at 12/31 $325,000 Total cost of goods completed during December $1,350,000 Total manufacturing costs in
You have the following information about Smith Manufacturing:
Finished Goods at 12/31 $325,000
Total cost of goods completed during December $1,350,000
Total manufacturing costs in December $1,500,000
Total Cost of Goods Sold in December $1,455,000
What was the balance in Finished Goods at 12/1?
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
