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What is the balance of finished goods

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Reference no: EM132517130

BI incurred and applied the following manufacturing costs:

Direct Material: $39,000

Direct Labor: $26,000

Manufacturing overhead: 52,000

Question 1: During 2019 BI finished products costing $78,000. Products costing $32,500 were sold for $41,600. What is the balance of Finished Goods on BI's balance sheet as of Dec. 31 2019?

Reference no: EM132517130

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