A manufacturing company has a beginning finished goods inventory of $14,900, raw material purchases of $18,300,...
A manufacturing company has a beginning finished goods inventory of $14,900, raw material purchases of $18,300, cost of goods manufactured of $33,100, and an ending finished goods inventory of $18,100. The cost of goods sold for this company is:
Homework Answers
Cost of Goods Sold
= Beg finished goods inventory + Cost of goods manufactured - Ending finished goods inventory
= 14,900 + 33,100 - 18,100
= 29,900
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A manufacturing company has a beginning finished goods inventory
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