Work in Process Inventory was $11,500 at the beginning of the period, and $9,500 at the end of the period. Total Manufacturing costs for the period were $37,000. Cost of Goods Sold for the period was $47,500.
If the beginning balance of Finished Goods Inventory was $32,500, what is the ending balance in Finished Goods Inventory?

Question

Work in Process Inventory was $11,500 at the beginning of the period, and $9,500 at the end of the period. Total Manufacturing costs for the period were $37,000. Cost of Goods Sold for the period was $47,500. 
If the beginning balance of Finished Goods Inventory was $32,500, what is the ending balance in Finished Goods Inventory?

Quizplus · Accepted Answer

The Answer of Work in Process Inventory was $11,500 at the beginning of the period, and $9,500 at the end of the period. Total Manufacturing costs for the period were $37,000. Cost of Goods Sold for the period was $47,500. 
If the beginning balance of Finished Goods Inventory was $32,500, what is the ending balance in Finished Goods Inventory?

Work in Process Inventory Was $11,500 at the Beginning of the Period