How to determine dollar amount of finished goods inventory? sales $100,000
How to determine dollar amount of finished goods inventory?sales $100,000Cost of goods
manufactured 54,000
Direct material purchased 78,000
Factory overhead 18,000
Work in process-Jan 1 58,000
work in process-Dec 31 28,000
Direct Material -Dec 31 18,000
Finished Goods Inventory- Dec 31 42,000
Net income 30,000
Direct materials used 58,000
Cost of Goods Sold 52,000
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