Delaware Furniture Company constructs custom furniture. Job cost records during the second and third quarters of 2009 are shown below.

- What is the total cost of the July 31^st finished goods inventory?

Question

Delaware Furniture Company constructs custom furniture. Job cost records during the second and third quarters of 2009 are shown below.

- What is the total cost of the July 31^st finished goods inventory?

Quizplus · Accepted Answer

The total cost of the July 31 finished goods inventory is calculated by adding the cost of goods manufactured to the beginning finished goods inventory and then subtracting the cost of goods sold. Without specific numbers provided in the question, the correct answer cannot be determined through calculation. However, based on the options given, if B) $304,240 is the correct answer, it suggests that this value was determined by following the correct accounting procedure for calculating the cost of the July 31 finished goods inventory.

Delaware Furniture Company Constructs Custom Furniture