A manufacturing company has a beginning finished goods inventory of $28,600, raw material purchases of $39,000, cost of goods manufactured of $81,500, and an ending finished goods inventory of $45,800. The cost of goods sold for this company is: O $56,200 O $64,300 O $81,500 O $110,100 O $74,700

A manufacturing company has a beginning finished goods inventory of $28,600, raw material purchases of $39,000, cost of goods manufactured of $81,500, and an ending finished goods inventory of $45,800. The cost of goods sold for this company is: O $56,200 O $64,300 O $81,500 O $110,100 O $74,700

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 3CE: Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods...

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Question

A manufacturing company has a beginning finished goods inventory of $28,600, raw
material purchases of $39,000, cost of goods manufactured of $81,500, and an ending
finished goods inventory of $45,800. The cost of goods sold for this company is:
O $56,200
O $64,300
O $81,500
O $110,100
O $74,700
Question 5
The beginning and ending finished goods inventories of the Prize Ring manufacturin
company were $92,000 and $85,750 respectively. If cost of goods sold equale-
$74.200
for this period?
F3
F4
F5
F6
F7
F8
A
다

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