Cost of goods manufactured equals $95000 for 2019. Finished goods inventory is $3000 at the beginning of the year and $4500 at the end of the year. Beginning and ending work in process for 2019 are $4000 and $5000, respectively. How much is cost of goods sold for the year? $96500 $93500 $95500 $92000
Cost of goods manufactured equals $95000 for 2019. Finished goods inventory is $3000 at the beginning of the year and $4500 at the end of the year. Beginning and ending work in process for 2019 are $4000 and $5000, respectively. How much is cost of goods sold for the year? $96500 $93500 $95500 $92000
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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Cost of goods manufactured equals $95000 for 2019. Finished goods inventory is $3000 at the beginning of the year and $4500 at the end of the year. Beginning and ending work in process for 2019 are $4000 and $5000, respectively. How much is cost of goods sold for the year?
$96500
$93500
$95500
$92000
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