The balance in the Finished Goods inventory account at the beginning of the year was:


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The balance in the Finished Goods inventory account at the beginning of the year was: 1 answer below ยป Echo Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. During the year the company”s Finished Goods inventory account was debited for $360,000 and credited for $338,800. The ending balance in the Finished Goods inventory account was $36,600. At the end of the year, manufacturing overhead was overapplied by $15,900. The balance in the Finished Goods inventory account at the beginning of the year was: A) $15,900 B) $15,400 C) $21,200 D) $36,600 Jul 08 2014 12:34 PM

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