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Calculate the beginning finished goods inventory

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Reference no: EM132747022

Using the following data for a recent period, calculate the beginning finished goods inventory:

Sales P40,000

Beginning finished goods inventory ?

Cost of goods manufactured 16,000

Ending finished goods inventory 5,000

Cost of goods sold ?

Gross margin 17,000

Administrative and selling expenses ?

Net operating income 10,000

Problem 1: The beginning finished goods inventory was P

Reference no: EM132747022

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