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Business, 20.09.2020 14:01 Jacobolobo7

The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 10,000 ? Transferred Out Purchases ? End. Bal. 8,400 Cost of Goods Sold 77,000 Work-in-Process Inventory Beg. Bal. 9,500 ? Transferred Out Materials 22,000 Labor 15,500 Overhead 10,000 End. Bal. ? Finished Goods Inventory Beg. Bal. ? ? Transferred Out Transferred in 41,500 End. Bal. 6,200 What is the value of the beginning Finished Goods Inventory?

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