Question

Singh Company manufacturers wheelchairs. Each wheelchair requires $325 of raw materials and $780 of conversion costs....

Singh Company manufacturers wheelchairs. Each wheelchair requires $325 of raw materials and $780 of conversion costs. Each wheelchair is sold for $1,500. Last month Singh completed 35 wheelchairs and sold 32 wheelchairs. The ending balance in finished goods inventory is:

Multiple Choice

  • $3,500.

  • $1,105.

  • $3,315.

  • $4,315.

  • $4,420.

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