A manufacturing company has a beginning finished goods inventory of $28, 600, cost of goods manufactured of $58, 800, and an ending finished goods inventory of $27,900. The cost of goods sold for this company is:

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
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Chapter9: Applications Of Cost Theory
Section: Chapter Questions
Problem 5E
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A manufacturing company has a beginning finished goods inventory of $28, 600, cost of goods manufactured of $58, 800, and an ending finished goods inventory of $27,900. The cost of goods sold for this company is:
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