Answer
Finished goods inventory 10/31/2014 = 130 + 1,660 - 1,770 = 20 million
Work Step by Step
Finished goods inventory 10/31/2014 = Finished goods inventory 10/1/2014 + Cost of goods manufactured - Cost of goods sold
Cost Accounting (15th Edition)
by Horngren, Charles T.; Datar, Srikant M.; Rajan, Madhav V.
Published by
Prentice Hall
ISBN 10:
0133428702
ISBN 13:
978-0-13342-870-4
Chapter 2 - An Introduction to Cost Terms and Purposes - Assignment Material - Problems - Page 60: 2-31(6)
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