Solved

Given Is Selected Information from Nathaniel's Service Shop's June Income

Question 64

Multiple Choice

Given is selected information from Nathaniel's Service Shop's June Income Statement and Statement of Cost of Goods Manufactured:
 Cost of goods sold $115,000 Cost of goods manufactured $105,000 Finished goods inventory, June 30 $  20,000\begin{array} { l r } \text { Cost of goods sold } & \$ 115,000 \\\text { Cost of goods manufactured } & \$ 105,000 \\\text { Finished goods inventory, June 30 } & \$ ~~20,000\end{array} Nathaniel's Service Shop's finished goods inventory, on June 1, was:


A) 40,000
B) 30,000
C) 35,000
D) 20,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents