Mister Tee's is a T shirt manufacturing business with the following fact pattern: One T shirt...

 

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Mister Tee's is a T shirt manufacturing business with the following fact pattern: One T shirt requires one yard of fabric One yard of fabric costs $5 Tee Shirt makers (direct labor) are paid $20/hour The average cost of manufacture one tee shirt is $6 Tee shirts are sold for $10/each Below is a partially completed Statement of Cost of Goods Sold for Period 3 Statement of Cost of Goods Sold . . . . Period 3, 202X Finished Goods Beginning Inventory Cost of Goods Manufactured Cost of Goods Available for Sale Finished Goods Ending Inventory Cost of Goods Sold Dollars $13,800 $15,000 $12,000 What was the number of units (Tee Shirts) of Finished Goods Inventory at the end of the period? Mister Tee's is a T shirt manufacturing business with the following fact pattern: One T shirt requires one yard of fabric One yard of fabric costs $5 Tee Shirt makers (direct labor) are paid $20/hour The average cost of manufacture one tee shirt is $6 Tee shirts are sold for $10/each Below is a partially completed Statement of Cost of Goods Sold for Period 3 Statement of Cost of Goods Sold . . . . Period 3, 202X Finished Goods Beginning Inventory Cost of Goods Manufactured Cost of Goods Available for Sale Finished Goods Ending Inventory Cost of Goods Sold Dollars $13,800 $15,000 $12,000 What was the number of units (Tee Shirts) of Finished Goods Inventory at the end of the period?

Answer rating: 100% (QA)

To find the number of units of finished goods inventory at the end of the period we first need to ca... View the full answer