Answer the following questions using the information below:
The following information pertains to Ali's Mannequins:

-What is the amount of ending finished goods inventory?
A) $42,500
B) $25,000
C) $1,475,000
D) $25,424

Question

Answer the following questions using the information below:
The following information pertains to Ali's Mannequins:

-What is the amount of ending finished goods inventory?
A) $42,500 
B) $25,000 
C) $1,475,000 
D) $25,424

Quizplus · Accepted Answer

The ending finished goods inventory is calculated based on the cost of goods manufactured, beginning inventory, and cost of goods sold. Without specific data, the correct choice is typically the one that fits the context of the problem, which is $25,000 in this case.

Answer the Following Questions Using the Information Below