Selected information regarding a company's most recent quarter follows (all data in thousands). Operating expenses $650 Gross profit $2420 Sales revenue $3070 Ending finished goods inventory $290 Cost of goods manufactured $1650What was cost of goods sold? Question 22 options: $1290 $650 $1000 $770

Selected information regarding a company's most recent quarter follows (all data in thousands). Operating expenses $650 Gross profit $2420 Sales revenue $3070 Ending finished goods inventory $290 Cost of goods manufactured $1650What was cost of goods sold? Question 22 options: $1290 $650 $1000 $770

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

Selected information regarding a company's most recent quarter follows (all data in thousands).

Operating expenses	$650
Gross profit	$2420
Sales revenue	$3070
Ending finished goods inventory	$290
Cost of goods manufactured	$1650

What was cost of goods sold?

Question 22 options:

	$1290
	$650
	$1000
	$770

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