Using the following cost information regarding finished goods, what would be the ending value of the finished goods inventory if the market value of the goods is $300,000?
A)$ 0
B)$100,000
C)$150,000
D)$250,000

Question

Using the following cost information regarding finished goods, what would be the ending value of the finished goods inventory if the market value of the goods is $300,000? 
A)$ 0 
B)$100,000 
C)$150,000 
D)$250,000

Quizplus · Accepted Answer

The ending value of finished goods inventory is based on its cost, not market value. The cost of the finished goods inventory is $250,000, so that is its ending value.

Using the Following Cost Information Regarding Finished Goods, What Would