Answered

Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

TB MC Qu. 01-134 Mustang Corporation reports... Mustang Corporation reports the following for the month of April: Finished goods inventory, April 1$30,200 Finished goods inventory, April 30 24,600 Total cost of goods manufactured 114,500 The cost of goods sold for April is: Multiple Choice $169,300. $108,900. $59,700. $120,100.

Sagot :

facundobuzzetti

Answer:

COGS= $120,100

Explanation:

Giving the following information:

Finished goods inventory, April 1$30,200

Finished goods inventory, April 30 24,600

Total cost of goods manufactured 114,500

To calculate the COGS, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 30,200 + 114,500 - 24,600

COGS= $120,100

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.