Question: Using the following data for a recent period, calculate the beginning finished goods inventory: The beginning finished goods inventory was: A) $24,000 B) $23,000 C)

Using the following data for a recent period, calculate the beginning finished goods inventory:

The beginning finished goods inventory was:
A) $24,000
B) $23,000
C) $7,000
D) $12,000

Sales... Beginning finished goods inventory Cost of goods manufactured.. Ending finished goods inventory.. Cost of goods sold... Gross margin... Administrative and selling expenses.... Net operating income... $40,000 $16,000 $5,000 $17,000 $10,000

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