Solution-Determine the ending inventory of finished goods

Determine the ending inventory of finished goods

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Reference no: EM132967314

Problem - You have the following data regarding ABC company:

Sales 560,000

Beg. Inventory of finished goods 270,00

Cost of goods manufactured 260,000

Net income 50,000

Non-manufacturing costs 170,000

Based on the above data, determine the ending inventory of finished goods?

Reference no: EM132967314

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Determine the ending inventory of finished goods

Reference no: EM132967314

Reference no: EM132967314

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

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