2)Sheridan Company has $21000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $15000 and cost of goods sold was $000, how much would Sheridan report for cost of goods manufactured? a) $56000 b) $44000 C) $71000 d) $15000

2)Sheridan Company has $21000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $15000 and cost of goods sold was $000, how much would Sheridan report for cost of goods manufactured? a) $56000 b) $44000 C) $71000 d) $15000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 13PA: Company Elmira reported the following cost of goods sold but later realized that an error had been...

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Question

2)Sheridan Company has $21000 of ending finished goods inventory as of December 31, 2013. If beginning
finished goods inventory was $15000 and cost of goods sold was $50000, how much would Sheridan
report for cost of goods manufactured?
a) $56000
b) $44000
C) $71000
d) $15000

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