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What is the ending balance of finished goods inventory

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Question

Jones Company is a manufacturing company that has worked on several production jobs during the month of January. Below is a list of all the jobs for January:

Job 250 $150,000

Job 251 $ 57,000

Job 252 $ 68,000

Jobs 250 and 251 were completed in January, and Job 250 was sold for $175,000 in January.

What is the ending balance of Finished Goods inventory at the end of January?

Reference no: EM132354239

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