Pederson Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000 Units sold 47,000 units sold for $75 per unit Beginning inventory 0 units What is the amount of ending finished goods inventory? Select one: a. $1,880,000 b. $225,000 C. $120,000

Pederson Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000 Units sold 47,000 units sold for $75 per unit Beginning inventory 0 units What is the amount of ending finished goods inventory? Select one: a. $1,880,000 b. $225,000 C. $120,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 3EB: A company has 100 units in ending work in process that are 40% complete after transferring out 750...

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Concept explainers

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.

Question

Pederson Company reported the following:
Manufacturing costs
$2,000,000
Units manufactured
50,000
Units sold
47,000 units sold for $75 per unit
Beginning inventory
0 units
What is the an
of ending finished goods inventory?
Select one:
a. $1,880,000
b. $225,000
C. $120,000
d. $105,000
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