What is the cost of goods manufactured? Average Total Assets $36,451,836 Beginning Inventory $2,630,956 Cost of...
What is the cost of goods manufactured?
Average Total Assets $36,451,836
Beginning Inventory $2,630,956
Cost of Goods Sold $7,670,367
Ending Inventory $2,060,400
Net Sales $14,167,895
|
$7,099,811 |
||
|
$8,240,923 |
||
|
$9,730,767 |
||
|
$10,301,323 |
Homework Answers
Cost of Goods Sold = Beginning inventory + Cost of Goods manufactured - Ending inventory
Cost of Goods manufactured = Cost of Goods Sold - Beginning inventory + Ending inventory
= 7,670,367 - 2,630,956 + 2,060,400
= 7,099,811
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