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Telt 0462 Kelly Company had finished goods inventory $3,200 on January 1 and $4,000 on December 31. During the year, cost of goods sold was $14,200. Cost of goods manufactured was: O a. $21,400 O b. $11,000 O c. $15,000 O d. $17,400

Telt 0462 Kelly Company had finished goods inventory $3,200 on January 1 and $4,000 on December 31. During the year, cost of goods sold was $14,200. Cost of goods manufactured was: O a. $21,400 O b. $11,000 O c. $15,000 O d. $17,400

Intermediate Accounting: Reporting And Analysis
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
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 3RE: Reid Company uses the periodic inventory system. On January 1, it had an inventory balance of...
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Kelly Company had finished goods inventory $3,200 on January 1 and $4,000 on December 31. During the year, cost of goods sold was $14,200. Cost of goods manufactured was: bage O a. $21,400 O b. $11,000 O c. $15,000 O d. $17,400 cianmont Groun Accionmont on Joh ype here to search W S £ E D $ C O HI R F % 5 G O G 6 # B C & 7 H N W 9 M N Time left 0:462 0 Next page PH 27°C Ligh
Transcribed Image Text:Kelly Company had finished goods inventory $3,200 on January 1 and $4,000 on December 31. During the year, cost of goods sold was $14,200. Cost of goods manufactured was: bage O a. $21,400 O b. $11,000 O c. $15,000 O d. $17,400 cianmont Groun Accionmont on Joh ype here to search W S £ E D $ C O HI R F % 5 G O G 6 # B C & 7 H N W 9 M N Time left 0:462 0 Next page PH 27°C Ligh
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