Determine the beginning balance of finished goods inventory

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Reference no: EM131202149

Presented is selected information from Till's April income statement and statement of cost of goods manufactured. Use T-accounts to determine the beginning balance of finished goods inventory on April 1.

Cost of goods sold $230,000

Cost of goods manufactured $210,000

Ending finished goods inventory, April 30 $40,000

Reference no: EM131202149

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