What was the balance in Finished Goods Inventory at the end of the year? ...
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What was the balance in Finished Goods Inventory at the end of the year?
On January 1, Feldstein Manufacturing had a beginning balance in Work-in - Process Inventory of $83,200 and a beginning balance in Finished Goods Inventory of $21,100. During the year, Feldstein incurred manufacturing costs of $350,300. During the year, the following transactions occurred: Job A-12 was completed for a total cost of $120,200 and was sold for $125,300. Job A-13 was completed for a total cost of $200,300 and was sold for $211,500. Job A-15 was completed for a total cost $68,000 but was not sold as of year-end. What was the balance in Finished Goods Inventory at the end of the year? O A. $89,100 credit balance O B. $388,500 debit balance O C. $409,600 debit balance OD. $89, 100 debit balance
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