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Mathematics, 08.02.2021 21:10 devinb18

Red Tail Manufacturing, Inc. provided the following information for the year: Purchases—Raw Materials

$91,000

Plant Utilities and Insurance

66,000

Indirect Materials Used

11,240

Indirect Labor

4,830

Direct Materials Used in Production

98,000

Direct Labor

118,500

Depreciation on Factory Plant and Equipment

8,000

Cost of Goods Manufactured

292,000

Cost of Goods Sold

290,000

The inventory account balances as of January 1 are given below.

Raw Materials Inventory

$45,000

Work-in-Progress Inventory

11,000

Finished Goods Inventory

304,570

What is the ending balance in the Finished Goods Inventory?

Select one:

a.
304570

b.
302570

c.
306570

d.
596570

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Answers: 1

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