Use the information below to answer the following question(s).The following information pertains to Payton's Shoe Manufacturing:
99,500 pairs of shoes are sold during the year for $18.
-What is the amount of Payton's ending finished goods inventory?
A)$99,500
B)$8,000
C)$5,000
D)$500
E)$0

Question

Use the information below to answer the following question(s).The following information pertains to Payton's Shoe Manufacturing:
  99,500 pairs of shoes are sold during the year for $18.
-What is the amount of Payton's ending finished goods inventory?
A)$99,500 
B)$8,000 
C)$5,000 
D)$500 
E)$0

Quizplus · Accepted Answer

The correct answer is $5,000, which is the amount of Payton's ending finished goods inventory.

Use the Information Below to Answer the Following Question(s)