Solution-What was the balance of the finished goods

What was the balance of the finished goods inventory

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Reference no: EM133118057

Question - Geneva Steel Corporation produces large sheets of heavy gauge steel. The company showed the following amounts relating to its production for the year just completed:

Direct materials used in production $110,000

Direct labour cost for the year $55,000

Work in process, beginning $22,000

Finished goods, beginning $45,000

Cost of goods available for sale $288,000

Cost of goods sold $238,000

Work in process, ending $16,000

Required - What was the balance of the finished goods inventory at the end of the year?

Reference no: EM133118057

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What was the balance of the finished goods inventory : Geneva Steel Corporation produces large sheets of heavy gauge steel. What was the balance of the finished goods inventory at the end of the year

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What was the balance of the finished goods inventory

Reference no: EM133118057

Reference no: EM133118057

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