Hello, Can you please show me how to calculate the ' Ending finished goods inventory'?
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# Hello,

Can you please show me how to calculate the " Ending finished goods inventory"? I know the answer is 500, but I need to be able to understand how to calculate it. Thank you!

Little Annin Flagmakers Cost of Goods Sold Budget (USD)

Cost of Goods Sold (FIFO) Units Cost/unit Total Cost

Beginning finished goods inventory 410 \$75.00   \$30,750

Add: Cost of goods manufactured 11,500 \$75.00   \$862,500

Good available for sale   \$893,250

Less: Ending finished goods inventory   500 \$75.00

Cost of Good Sold   \$900,000

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