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 $200,000?
A)$0
B)$150,000
C)$200,000
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 $200,000? 
A)$0 
B)$150,000 
C)$200,000 
D)$250,000

Quizplus · Accepted Answer

The ending value of finished goods inventory is equal to the market value of the goods, which is $200,000 in this case.

Using the Following Cost Information Regarding Finished Goods, What Would