Homework Answers
Solution:
Requirement 4:
| Particulars | Amount | Calculations | |
| Beginning Finished Goods inventory | $ 5,000 | 100 Units * $ 50 per unit | |
| + | Cost of Goods Manufactured | $ 51,000 | Given |
| = | Cost of Goods Available for Sale | $ 56,000 | |
| - | Ending Finished Goods Inventory | $ (10,000) | 200 Units * $50 per unit |
| = | Cost of Goods Inventory | $ 46,000 |
Notes:
1) It is given in the question that 200 units ending finished goods inventory are left and cost per unit is $ 50.
So,Ending Finished Goods Inventory is $10,000 ( 200 Units * $50 per unit)
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