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The balance in Quibi Quibi Manufacturing's Finished Goods account on November 30 was $390,000. Its November cost of goods manufactured was $1,280,000, $1,280,000, its total manufacturing costs were $1,420,000, and its cost of goods sold in November was $1,315,000. What was the balance in Quibi's Finished Goods on November 1?

The balance in Quibi Quibi Manufacturing's Finished Goods account on November 30 was $390,000. Its November cost of goods manufactured was $1,280,000, $1,280,000, its total manufacturing costs were $1,420,000, and its cost of goods sold in November was $1,315,000. What was the balance in Quibi's Finished Goods on November 1?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 4EB: Masonrys records show the raw materials inventory had purchases of $1,000and an ending raw materials...
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What was the balance in Quibi's Finished goods on November 1?

The balance in Quibi Quibi Manufacturing's Finished Goods account on November 30 was $390,000. Its November cost of goods manufactured was $1,280,000, $1,280,000, its total manufacturing costs were $1,420,000, and its cost of goods sold in November was $1,315,000. What was the balance in Quibi's Finished Goods on November 1?
Transcribed Image Text:The balance in Quibi Quibi Manufacturing's Finished Goods account on November 30 was $390,000. Its November cost of goods manufactured was $1,280,000, $1,280,000, its total manufacturing costs were $1,420,000, and its cost of goods sold in November was $1,315,000. What was the balance in Quibi's Finished Goods on November 1?
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