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How do you figure out ending finished goods.

How do you figure out ending finished goods inventory?

Given information:
July 1 July 31
Raw materials inventory $0 $4,500
Work in process inventory ? $3,400
Finished goods inventory $12,600 ?

Other data:
Cost of goods manufactured $106,100
Raw materials used $41,200
Manufacturing overhead costs $21,400
Direct labor costs $39,200
Gross profit $100,700
Sales $212,000

May 22 2018 View more View Less

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