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

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

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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