Determine the ending finished good

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Reference no: EM13789523

1. The following information is provided for Diamonite Manufacturing Company for 2015:

Beginning finished goods, 1/1/15 $4,250,000

Raw material purchases during 2015 $ 365,000

Accounts payable 1/31/15 $1,710,000

Beginning raw materials inventory 1/1/15 $ 465,000

Cost of goods manufactured $2,980,000

Cost of goods sold $2,245,000

Ending raw materials inventory 1/31/15 440,200

Required:

Determine the ending finished good at 1/31/15?

Reference no: EM13789523

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