Work in Process Inventory was $4,000 at the beginning of the period, and $5,000 at the end of the period. Total Manufacturing costs for the period were $27,500. Cost of Goods Sold for the period was $35,000.
If the beginning balance of Finished Goods Inventory was $10,000, what is the ending balance in Finished Goods Inventory?

Question

Work in Process Inventory was $4,000 at the beginning of the period, and $5,000 at the end of the period. Total Manufacturing costs for the period were $27,500. Cost of Goods Sold for the period was $35,000. 
If the beginning balance of Finished Goods Inventory was $10,000, what is the ending balance in Finished Goods Inventory?

Quizplus · Accepted Answer

The Answer of Work in Process Inventory was $4,000 at the beginning of the period, and $5,000 at the end of the period. Total Manufacturing costs for the period were $27,500. Cost of Goods Sold for the period was $35,000. 
If the beginning balance of Finished Goods Inventory was $10,000, what is the ending balance in Finished Goods Inventory?

Work in Process Inventory Was $4,000 at the Beginning of the Period