Hill & Scott Company makes financial calculators.During the current year, Hill & Scott manufactured 106,700 financial calculators.Finished goods inventory had the following units on hand:
- If each financial calculator had a per-unit product cost of $123.20, what was the cost of finished goods inventory on December 31? (Note: Round answer to two decimal places.)
A) $140,940.80
B) $141,120.50
C) $24,640.75
D) None of these are correct.
Correct Answer:
Verified
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