Homework Answers
Finished goods as on December 31 =Finished goods as on December 1 + cost of goods manufactured- cost of goods sold
325000 = Finished goods as on December 1 + 1350000-1455000
325000 = Finished goods as on December 1 - 105000
Finished goods as on December 1 = 325000 + 105000
= 430000
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