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Troyanec [42]
3 years ago
8

During 2016, Handy Appliances made and sold coffee makers. At the beginning of the year the company had 37 units, 14,382 units w

ere sold during the year, and 14,385 units were made during the year. Each coffee maker costs $8.42 to produce and each coffee maker is sold for $15.50. At the end of the year, what amount will Handy report on its balance sheet for finished goods inventory?
A : $527.00
B : $286.28
C : $25.26
D : $336.80
Business
1 answer:
scoray [572]3 years ago
5 0

Answer:

option D

Explanation:

given,

unit at beginning = 37 unit

unit sold in year = 14,382 units

unit made this year = 14,385 units

coffee maker costs =  $8.42

coffee maker is sold = $15.50

finished good inventory = ?

now,

inventory = unit at beginning - unit sold in year +  unit made this year

inventory = 14,385 + 37 - 14,382

                = 40 units

amount balanced = 40 × $8.42

                             = $ 336. 80

hence, the correct answer is option D

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b. $ 50,000

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