Solution-Calculate the cost of finished goods inventory

Calculate the cost of finished goods inventory

Reference no: EM13528386

Ron Williams recently took over as the controller of Johnson Brothers Manufacturing. Last month, the previous controller left the company with little notice and left the accounting records in disarray. Ron needs the ending inventory balances to report first quarter numbers.

For the previous month (March 2011) Ron was able to piece together the following information:

480_Calculate the cost of Finished goods inventory.png

Calculate the cost of:

1. Finished goods inventory, 3/31/2011

2. Work-in-process inventory, 3/31/2011

3. Direct materials inventory,3/31/2011

Reference no: EM13528386

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Calculate the cost of finished goods inventory

Reference no: EM13528386

Reference no: EM13528386

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