Fairchild Pty Ltd began April with a finished goods inventory of $25 000. The cost of goods manufactured during the month was $40 000 and the cost of goods sold during April was $50 000.
The inventory remaining in finished goods at the end of April was:
A) $35 000.
B) $25 000.
C) $20 000.
D) $15 000.

Question

Quizplus · Accepted Answer

The Answer of Fairchild Pty Ltd began April with a finished goods inventory of $25 000. The cost of goods manufactured during the month was $40 000 and the cost of goods sold during April was $50 000.
The inventory remaining in finished goods at the end of April was:
A) $35 000.
B) $25 000.
C) $20 000.
D) $15 000.

Fairchild Pty Ltd Began April with a Finished Goods Inventory