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What amount was transferred to finished goods inventory

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Reference no: EM133090012

Question - The Finishing Department of Lon and Lonny, Inc., the last department in the manufacturing process, incurred production costs of $300,000 during the month of June. If the June 1 balance in Work-in-Process Inventory-Finishing is $0 and the June 30 balance is $25,000, what amount was transferred to Finished Goods Inventory? Determine the formula, then enter the amounts to calculate the amount transferred to Finished Goods Inventory.

Reference no: EM133090012

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