Scooter Co. had no beginning inventories, finished 40,000 units, and sold 36,000 units. There were no ending inventories of materials or work in process. Materials purchased and used were $225,000; direct labor and overhead were $170,000. Ending inventory would be valued at a. $53,000  b. b. $40,300                                      c. $39,500        d. $28,500

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Chapter1: Financial Statements And Business Decisions
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Scooter Co. had no beginning inventories, finished 40,000 units, and sold 36,000 units. There were no ending inventories of materials or work in process. Materials purchased and used were $225,000; direct labor and overhead were $170,000. Ending inventory would be valued at

a. $53,000  b.
b. $40,300                                     
c. $39,500       
d. $28,500

 

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