Mathematics, 08.02.2021 21:10 devinb18
Red Tail Manufacturing, Inc. provided the following information for the year:
Purchases—Raw Materials
$91,000
Plant Utilities and Insurance
66,000
Indirect Materials Used
11,240
Indirect Labor
4,830
Direct Materials Used in Production
98,000
Direct Labor
118,500
Depreciation on Factory Plant and Equipment
8,000
Cost of Goods Manufactured
292,000
Cost of Goods Sold
290,000
The inventory account balances as of January 1 are given below.
Raw Materials Inventory
$45,000
Work-in-Progress Inventory
11,000
Finished Goods Inventory
304,570
What is the ending balance in the Finished Goods Inventory?
Select one:
a.
304570
b.
302570
c.
306570
d.
596570
Answers: 1
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Red Tail Manufacturing, Inc. provided the following information for the year:
Purchases—Raw Materia...
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