The cost of goods manufactured by Hobte & Co for July is $419,000. At the end of July, the company had a finished goods inventory of $98,000. The cost of goods sold during June and July are $400,000 and $405,000 respectively. What is the finished goods inventory at the end of June? a. $89,000 b. $5,000 c. $84,000 d. $112,000 e. $107,000
The cost of goods manufactured by Hobte & Co for July is $419,000. At the end of July, the company had a finished goods inventory of $98,000. The cost of goods sold during June and July are $400,000 and $405,000 respectively. What is the finished goods inventory at the end of June? a. $89,000 b. $5,000 c. $84,000 d. $112,000 e. $107,000
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6EA: Logo Gear purchased $2,250 worth of merchandise during the month, and its monthly income statement...
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The cost of goods manufactured by Hobte & Co for July is $419,000. At the end of July, the company had a finished goods inventory of $98,000. The cost of goods sold during June and July are $400,000 and $405,000 respectively. What is the finished goods inventory at the end of June? a. $89,000 b. $5,000 c. $84,000 d. $112,000 e. $107,000
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