Mendez Inc. had the following information for the preceding year: Work In Process Inventory Finished Goods...

 

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Mendez Inc. had the following information for the preceding year: Work In Process Inventory Finished Goods Inventory Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Unadjusted cost of goods sold $49.000 $65.000 $50.000 $69.000 Beginning Ending Inventory Inventory (1/1) (12/31) $?? $ 35,000 ?? $ 30,000 he 55 $ What was the beginning Finished Goods Inventory balance on 1/1? $200,000 $150,000 $ 160,000 $525.000 $544,000 Mendez Inc. had the following information for the preceding year: Work In Process Inventory Finished Goods Inventory Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Unadjusted cost of goods sold $49.000 $65.000 $50.000 $69.000 Beginning Ending Inventory Inventory (1/1) (12/31) $?? $ 35,000 ?? $ 30,000 he 55 $ What was the beginning Finished Goods Inventory balance on 1/1? $200,000 $150,000 $ 160,000 $525.000 $544,000

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