This Question 2 pts 3 of 55 0 completeThis Test 150 pts poss

This Question: 2 pts 3 of 55 (0 complete)This Test: 150 pts poss Super Tread Inc. is a large manufacturer of auto tires. Super Tread has provided the following information Sales Revenue Beginning Finished Goods Inventory Cost of Goods Sold Cost of Goods Manufactured $70,000 29,000 44,500 50,500 Calculate the amount of ending Finished Goods Inventory reported on Super Tread\'s balance sheet. O A. $35,000 B. $19,500 O C. $6,000 O D. $79,500

Solution

Calculation of ending finished goods inventory:

Beginning finished goods inventory = 29000

Add: Cost of goods manufactured = 50500

Less: Cost of goods sold = 44500

Ending finished goods inventory = 35000

Answer is A. $35000