Solved

Use the Information Below to Answer the Following Question(s)

Question 62

Multiple Choice

Use the information below to answer the following question(s) .The following information pertains to Payton's Shoe Manufacturing:
Use the information below to answer the following question(s) .The following information pertains to Payton's Shoe Manufacturing: 99,500 pairs of shoes are sold during the year for $18. -What is the amount of Payton's ending finished goods inventory? A) $99,500 B) $8,000 C) $5,000 D) $500 E) $0 99,500 pairs of shoes are sold during the year for $18.
-What is the amount of Payton's ending finished goods inventory?


A) $99,500
B) $8,000
C) $5,000
D) $500
E) $0

Correct Answer:

verifed

Verified

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

Related Questions

Q57: Each of the following items pertains to

Q58: Use the information below to answer the

Q59: Wheel and Tire Manufacturing currently produces 1,000

Q60: Cost tracing assigns indirect costs to the

Q61: A fixed cost is a cost that

Q63: Manufacturing overhead includes<br>A)corporate insurance cost.<br>B)the executive officers'

Q64: Fixed costs do not have cost drivers,

Q65: Use the information below to answer the

Q66: Finished goods inventory would normally include<br>A)direct materials

Q67: Use the information below to answer the