Question

_represent the total value of finished goods in stock with ans
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Answer 1

Answer:

The value of finished goods is equal to the opening inventory plus the cost of goods purchased or manufactured and less the cost of goods sold. For example, the finished goods inventory at the end of the previous accounting period, and therefore the beginning of the current period, was $10,000

Explanation:

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Answer 2

The value of finished goods is equal to the opening inventory plus the cost of goods purchased or manufactured and less the cost of goods sold. For example, the finished goods inventory at the end of the previous accounting period, and therefore the beginning of the current period, was $10,000.