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What was the balance in finished goods inventory on january

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Question

The following information is for X Company, a manufacturer, in 2018:

Direct materials purchased$36,892

Direct materials used34,451

Direct labor14,802

Overhead20,506

Work in Process Inventory, January 1, 2018 8,028

Work in Process Inventory, December 31, 2018 7,712

Finished Goods Inventory, December 31, 2018 6,344

Cost of Goods Sold 67,709

What was the balance in Finished Goods Inventory on January 1, 2018?

Reference no: EM132386794

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