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What is the ending inventory of finished goods of company

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Question - The following information relates to production of JJK CORP for the month of Oct 2011:

1. Direct Materials used 10,000

2. Direct labor rate per hour 5.00

3. Overhead cost 2,300

4. Direct labor hours employed 500

5. Gross Profit rate 25% based on selling price

6. Increase in WIP 1,100

7. Ending inventory of Finished goods is 30% of its beginning balance

8. Total sales 50,000

Required - What is the ending inventory of Finished goods of the company?

Reference no: EM132784020

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