Reference no: EM132502333

The following is selected financial data from Nick Manufacturing for the most recent year.

Ending raw materials inventory                          19,000
Ending work in process inventory                        42,000
Ending finished goods inventory                          54,100
Amount of underallocated (underapplied)
manufacturing overhead                                     3,100
Cost of goods sold for year                                 81,000
Cost of raw materials purchased during year           45,300
Cost of direct materials requisitioned during year       41,700
Cost of indirect materials requisitioned during
year                                                                     7,100
Cost of goods completed during year                        110,000
Manufacturing overhead allocated                              60,000
Manufacturing overhead % of direct labor cost                125%

Question 1: What is the beginning finished goods inventory?

Option a. $135,100

Option b. $ 75,100

Option C. $ 25,100

Option d. $ 6.100