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What was the amount of ending finished goods inventory

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Problem 1: Cupid Co. manufactures dog toys. For 20x7 it had the following amounts related to its most popular toy, Bacon Ben: beginning finished goods inventory, $30,000, cost of goods manufactured $120,000, and cost of goods sold $100,000. What was the amount of ending finished goods inventory?

Group of answer choices

Option 1: $30,000

Option 2: $20,000

Option 3: $10,000

Option 4: $50,000

Reference no: EM132840622

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