Warren Manufacturing began business on January 1. During its first year of operation, Warren worked on five industrial jobs and reported the following information at year-end:
What was the balance in Finished Goods Inventory at year-end?
A) $35,000
B) $21,000
C) $44,500
D) $23,500
C) $44,500
Explanation: Job 3 and Job 4 are the jobs that are completed and not sold at year end.
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