On January 1, the finished goods inventory of the Manuel Company was $300,000during the year Manuel’s cost of goods manufactured was $1,900,000sales were $2,000,000 with a 20% gross profit.

Required: The cost assigned to the December 31 finished goods inventory

Answer rating: 100% (QA)

Solution Cost of Goods Sold Beginning Inventory Cost of Goods sold Ending Inventory C... View the full answer