Super Tread Inc Calculate the Amount of Ending Finished Goods Inventory Reported on Has

question 168

Multiple Choice

Super Tread Inc.is a large manufacturer of auto tires.Super Tread has provided the following information: $\begin{array} {| l | r | } \hline \text { Sales Revenue } & \$ 55,000 \\\hline \text { Beginning Finished Goods Inventory } & 15,500 \\\hline \text { Cost of Goods Sold } & 37,500 \\\hline \text { Cost of Goods Manufactured } & 44,500 \\\hline\end{array}$ Calculate the amount of ending Finished Goods Inventory reported on Super Tread's balance sheet.

• A) $10,500
• B) $60,000
• C) $22,500
• D) $7000

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