Business, 18.09.2019 17:20 rscott400

During its first year of operations, silverman company paid $12,385 for direct materials and $10,600 for production workers' wages. lease payments and utilities on the production facilities amounted to $9,600 while general, selling, and administrative expenses totaled $3,900. the company produced 6,650 units and sold 4,100 units at a price of $7.40 a unit. what is the amount of finished goods inventory on the balance sheet at year-end?

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During its first year of operations, silverman company paid $12,385 for direct materials and $10,600...

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