A firm had beginning finished goods inventory of 15,000; ending finished goods inventory of 20,000; and its cost of goods sold was 80,000. The cost of goods manufactured was: a. 80,000 b. 85,000 c. 75,000 d. 65,000

A firm had beginning finished goods inventory of 15,000; ending finished goods inventory of 20,000; and its cost of goods sold was 80,000. The cost of goods manufactured was: a. 80,000 b. 85,000 c. 75,000 d. 65,000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 6BE: Cost of goods sold Pine Creek Company completed 200,000 units during the year at a cost of...

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Question

A firm had beginning finished goods inventory of 15,000; ending finished goods inventory of 20,000; and its cost of goods sold was 80,000. The cost of goods manufactured was:

a. 80,000

b. 85,000

c. 75,000

d. 65,000

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