Calculate the amount of ending Finished Goods Inventory reported on Super Tread's balance sheet.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question 9

Super Tread Inc. is a large manufacturer of auto tires. Super Tread has provided the following information:
Sales Revenue
$75,000
16,500
49,000
54,500
Beginning Finished Goods Inventory
Cost of Goods Sold
Cost of Goods Manufactured
Calculate the amount of ending Finished Goods Inventory reported on Super Tread's balance sheet.
O A. $5,500
O B. $22,000
OC. $20,500
O D. $71,000
Transcribed Image Text:Super Tread Inc. is a large manufacturer of auto tires. Super Tread has provided the following information: Sales Revenue $75,000 16,500 49,000 54,500 Beginning Finished Goods Inventory Cost of Goods Sold Cost of Goods Manufactured Calculate the amount of ending Finished Goods Inventory reported on Super Tread's balance sheet. O A. $5,500 O B. $22,000 OC. $20,500 O D. $71,000
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