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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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