Answer:
ending finished inventory= 46,500
Explanation:
Giving the following information:
Beginning Finished Goods Inventory= $22,500
Cost of Goods Sold= $35,000
Cost of Goods Manufactured= $59,000
To calculate the finished goods inventory, we need to isolate it form the cost of goods formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
ending finished inventory= beginning finished inventory + cost of goods manufactured - COGS
ending finished inventory= 22,500 + 59,000 - 35,000
ending finished inventory= 46,500
