During its first year of operations, Silverman Company paid $10,285 for direct materials and $9.800 for production workers' wages. Lease payments and utilities on the production facilities amounted το 58.800 while general, selling. and administrative expenses totaled §4,300. The company produced 5,450 units and sold 3.300 units at a price of $7.80 a unit. What is the amount of finished goods Inventory on the balance sheet year-end? Multiple Choice ο ο ο ο $11,395 $5,698 $2,150 $8,250

During its first year of operations, Silverman Company paid $10,285 for direct materials and $9.800 for production workers' wages. Lease payments and utilities on the production facilities amounted το 58.800 while general, selling. and administrative expenses totaled §4,300. The company produced 5,450 units and sold 3.300 units at a price of $7.80 a unit. What is the amount of finished goods Inventory on the balance sheet year-end? Multiple Choice ο ο ο ο $11,395 $5,698 $2,150 $8,250

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question

During its first year of operations, Silverman Company paid $10,285 for direct materials and $9,800 for production workers' wages. Lease payments and utilities on the production facilities amounted to $8,800 while general, selling, and administrative expenses totaled
$4,300. The company produced 5,450 units and sold 3,300 units at a price of $7.80 a unit.
What is the amount of finished goods Inventory on the balance sheet at year-end?
Multiple Choice
O
O
O
O
$11,395
$5,698
$2,150
$8,250

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