Figure 2-4. Junko Company makes financial calculators.During the year Junko manufactured 97,000 financial calculators.Finished goods inventory had the following units on hand:
Refer to Figure 2-4.If each financial calculator had a per-unit product cost of $112,what was the cost of Finished goods inventory on December 31?
A)$116,480
B)$141,120
C)$24,640
D)none of these are correct

Question

Figure 2-4. Junko Company makes financial calculators.During the year Junko manufactured 97,000 financial calculators.Finished goods inventory had the following units on hand:
 Refer to Figure 2-4.If each financial calculator had a per-unit product cost of $112,what was the cost of Finished goods inventory on December 31?
A)$116,480 
B)$141,120 
C)$24,640 
D)none of these are correct

Quizplus · Accepted Answer

The Answer of Figure 2-4. Junko Company makes financial calculators.During the year Junko manufactured 97,000 financial calculators.Finished goods inventory had the following units on hand:
 Refer to Figure 2-4.If each financial calculator had a per-unit product cost of $112,what was the cost of Finished goods inventory on December 31?
A)$116,480 
B)$141,120 
C)$24,640 
D)none of these are correct