Reference no: EM13789523
1. The following information is provided for Diamonite Manufacturing Company for 2015:
Beginning finished goods, 1/1/15 $4,250,000
Raw material purchases during 2015 $ 365,000
Accounts payable 1/31/15 $1,710,000
Beginning raw materials inventory 1/1/15 $ 465,000
Cost of goods manufactured $2,980,000
Cost of goods sold $2,245,000
Ending raw materials inventory 1/31/15 440,200
Required:
Determine the ending finished good at 1/31/15?
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