Reference no: EM132568559
Warren Manufacturing began business on January 1. During its first year of operation, Warren worked on five industrial jobs and reported the following information at year-end:
Job 1 Job 2 Job 3 Job 4 Job 5
Direct Materials 1,000 7,500 5,000 3,300 1,500
Direct Labor 12,000 20,000 13,400 12,000 800
Allocated Mfg. Overhead 1,500 6,000 2,300 7,600 200
Job completed: Jun 30 Sep 1 Oct 15 Nov 1 Not completed
Job sold: Jul 10 Sep 12 Not sold Not sold N/A
Revenues: 25,000 39,000 N/A N/A N/A
Question 1: What was the balance in Finished Goods Inventory at year-end?
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What was the balance in finished goods inventory at year-end
: Warren worked on five industrial jobs and reported the information at year-end, What was the balance in Finished Goods Inventory at year-end?
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