What is the beginning balance of Finished Goods Inventory
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Cost of Goods Manufactured:
100,000
Cost of Goods Sold:
250,000
400,000
Sales Revenue:
Ending Finished Goods Inventory: 600,000
What is the beginning balance of Finished Goods Inventory? Make sure to show your work.
This is similar to the Chapter 15 Class Problem we did. I would recommend using your BASE
accounts here.
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