Answered: Finished goods inventory, June 1 Cost…

Finished goods inventory, June 1 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, June 30 $ 116,600 825,900 $ 38,880 (c) $540,000 (a) 130,000 70,000

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 1.7C

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Question

100%

C, d , e , f

Finished goods inventory, June 1
$ 116,600
825,900
$ 38,880
(e)
Cost of goods manufactured
Cost of finished goods available for sale
Finished goods inventory, June 30
Cost of goods sold
(c)
$540,000
180,000
(a)
$1,100,000
130,000
70,000
(f)
(b)
(d)
$ 945,000

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