Reference no: EM132810033

Pen Manufacturing Company Inc. produces and sells pens. The following amounts relate to production for the year ended December 31, 2019.

Direct materials used in production $50,000
Direct labour cost for the year 100,000
Manufacturing overhead for the year 150,000
Work in process, beginning 25,000
Finished goods, beginning 10,000
Cost of goods available for sale 315,000
Cost of goods manufactured 305,000
Cost of goods sold 240,000
Work in process, ending 20,000

Problem 1: What is Ending Finished Goods Inventory?

Select one:

a. $193,000
b. $75,000
c. $95,000
d. $50,000