Travis Company had no beginning work in process or finished goods. Its total manufacturing costs for the year were $427,000. Cost of goods manufactured was $332,000 and cost of goods sold was $250,000. The amount of ending finished goods was:

Respuesta :

Based on the various costs, we can find the ending finished costs to be $82,000.

Ending finished costs

Can be found by the formula:

= Cost of goods manufactured - Cost of goods sold

= 332,000 - 250,000

= $82,000

In conclusion, the ending finished goods was $82,000

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