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Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
Edition 2ISBN: 978-1111824402Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
Edition 2ISBN: 978-1111824402 Exercise 39
Selected information concerning the operations of a company for the year ended December 31 is as follows:
Work in process inventories at the beginning and end of the year were zero. Beginning inventory of finished goods was $9,650 (for 1,000 units). Cost of goods sold was $174,600. What was the company's finished goods inventory cost at December 31?
A) $98,050
B) $29,100
C) $29,050
D) $40,600
Work in process inventories at the beginning and end of the year were zero. Beginning inventory of finished goods was $9,650 (for 1,000 units). Cost of goods sold was $174,600. What was the company's finished goods inventory cost at December 31?
A) $98,050
B) $29,100
C) $29,050
D) $40,600
Explanation
Verified
Verified
As the beginning and ending inventory...
Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
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