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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
Damsel, Inc. is a large manufacturer of auto tires. Damsel has provided the following information:

Sales Revenue   $55,000
Beginning Finished Goods Inventory   15,500
Cost of Goods Sold   37,500
Cost of Goods Manufactured   44,500

Calculate the amount of ending Finished Goods Inventory reported on Damsel's balance sheet.
A) $22,500
B) $60,000
C) $7,000
D) $10,500
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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7 years ago
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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