The balance in Post Industries' Finished Goods accounts on December 30 was $425,000. Its December cost of goods manufactured was $1,350,000, its total manufacturing costs were $1,500,000 and its cost of goods sold in December was $1,455,000. What was the balance in Post's Finished Goods on December 1? A. $320,000 B. $380,000 C. $470,000 D. $530,000

The balance in Post Industries' Finished Goods accounts on December 30 was $425,000. Its December cost of goods manufactured was $1,350,000, its total manufacturing costs were $1,500,000 and its cost of goods sold in December was $1,455,000. What was the balance in Post's Finished Goods on December 1? A. $320,000 B. $380,000 C. $470,000 D. $530,000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

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