Question point
REYNOLDS INVENTORY FLOWS PROBLEM: Reynolds Company has beginning
inventory balances of $ for raw materials inventory, $ for work in
process inventory, and $ for finished goods inventory. During the period,
Reynolds purchased $ worth of materials and placed $ worth of
materials into production. Reynolds incurred $ in direct labor costs and
applied $ in overhead during the period. The cost of goods completed
during the period was $ and the cost of goods sold to customers during
the period was $
What is Reynolds' ending balance for FINISHED GOODS INVENTORY?
$
$
$
$
