Sheffield Corp. reported the following year-end information: beginning work in process inventory, $260000; cost of goods manufactured, $866000; beginning finished goods inventory, $322000; ending work in process inventory, $300000; and ending finished goods inventory, $344000. Sheffield Corp.'s cost of goods sold for the year is $826000. $844000. $522000. $888000.

Intermediate Accounting: Reporting And Analysis
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ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
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Sheffield Corp. reported the following year-end information: beginning work in process inventory, $260000; cost of goods manufactured, $866000; beginning finished goods inventory, $322000; ending work in process inventory, $300000; and ending finished goods inventory, $344000. Sheffield Corp.'s cost of goods sold for the year is

$826000.
$844000.
$522000.
$888000.
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