Damsel Inc. is a large manufacturer of auto tires Damsel has provided the following information Sales Revenue................$45,500
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Question:
Beginning Finished Goods Inventory .........................1,500
Cost of Goods Sold . .....................................................32,500
Cost of Goods Manufactured ....................................35,000
Calculate the amount of ending Finished Goods Inventory reported on Damsel's balance sheet
Related Book For
Financial reporting, financial statement analysis and valuation a strategic perspective
ISBN: 978-0324789416
7th Edition
Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw
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