You have been trying to reconstruct the records of PDEA corporation. some employees are suspected of having taken some inventories. any are missing. nevertheless, you have obtained the following data regarding the current year. Administrative Expenses $1,125,000 Cost of Goods Sold $6,000,000 Direct Labor $2,225,000 Direct Material Used $1,875,000 Factory Overhead $2,625,000 Finished Goods Inventory end $2,850,000 Gross Profit $9,375,000 Raw Materials Purchased $3,000,000 Sales $15,375,000 Selling Expenses $1,500,000 Work in process, beg $750,000 Work in process, end $937,500 The total finished goods inventory beginning is: a. $2,287,500 b. $1,162,000 c. $2,250,000 d. $187,000
You have been trying to reconstruct the records of PDEA corporation. some employees are suspected of having taken some inventories. any are missing. nevertheless, you have obtained the following data regarding the current year.
Administrative Expenses $1,125,000
Cost of Goods Sold $6,000,000
Direct Labor $2,225,000
Direct Material Used $1,875,000
Factory Overhead $2,625,000
Finished Goods Inventory end $2,850,000
Gross Profit $9,375,000
Raw Materials Purchased $3,000,000
Sales $15,375,000
Selling Expenses $1,500,000
Work in process, beg $750,000
Work in process, end $937,500
The total finished goods inventory beginning is:
a. $2,287,500
b. $1,162,000
c. $2,250,000
d. $187,000
Step by step
Solved in 2 steps
