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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Selected information regarding a company's most recent quarter follows (all data in thousands).

Cost of goods manufactured    $1,500
Gross profit    $2,600
Operating expenses    $4,000
Ending finished goods inventory    $400
Sales revenue    $6,000

What was the beginning finished goods inventory?
A) $2,300
B) $500
C) $2,500
D) $2,100
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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bernie2981 Author
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#2
8 years ago
You're such a dedicated member, I very much appreciate the help.

Marking this solved ✓
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