Solved

The Following Information Was Provided by Jimbob Co What Was Beginning Finished Goods Inventory?
A)$200,000

Question 15

Multiple Choice

The following information was provided by Jimbob Co. for the year just ended:  Cost of goods manufactured $500,000 Ending finished goods inventory $100,000 Sales $800,000 Gross margin $200,000\begin{array} { | l | r | } \hline \text { Cost of goods manufactured } & \$ 500,000 \\\hline \text { Ending finished goods inventory } & \$ 100,000 \\\hline \text { Sales } & \$ 800,000 \\\hline \text { Gross margin } & \$ 200,000 \\\hline\end{array} What was beginning finished goods inventory?


A) $200,000.
B) $300,000.
C) $400,000.
D) $100,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions