Carp Co. manufactures cat toys. For 2022 it had the following amounts related to its most popular toy, Kitty Toy: beginning finished goods inventory, $30,000, cost of goods manufactured $120,000, and cost of goods sold $100,000. What was the amount of ending finished goods inventory? O a. $10,000 O b. $50,000 O c. $30,000

Carp Co. manufactures cat toys. For 2022 it had the following amounts related to its most popular toy, Kitty Toy: beginning finished goods inventory, $30,000, cost of goods manufactured $120,000, and cost of goods sold $100,000. What was the amount of ending finished goods inventory? O a. $10,000 O b. $50,000 O c. $30,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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