Abner, Inc.'s accountant is trying to calculate ending finished goods inventory: Dec. 31, 2018 S 640,000...
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Abner, Inc.'s accountant is trying to calculate ending finished goods inventory: Dec. 31, 2018 S 640,000 Dec. 31, 2019 S ????? Finished goods inventory On January 1, 2019, Work in Process (WIP) Inventory was $45,000. Abner's total manufacturing costs incurred during 2019 (DM+DL+FO) were $1,350,000, and his ending WIP Inventory on December 31, 2019 was $56,000. Abner's Cost of Goods Sold (expense) during 2019 was $1,600,000. Calculate ending finished goods inventory on December 31, 2019. Abner, Inc.'s accountant is trying to calculate ending finished goods inventory: Dec. 31, 2018 S 640,000 Dec. 31, 2019 S ????? Finished goods inventory On January 1, 2019, Work in Process (WIP) Inventory was $45,000. Abner's total manufacturing costs incurred during 2019 (DM+DL+FO) were $1,350,000, and his ending WIP Inventory on December 31, 2019 was $56,000. Abner's Cost of Goods Sold (expense) during 2019 was $1,600,000. Calculate ending finished goods inventory on December 31, 2019.
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Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-1259569197
8th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
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