Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Find reliable answers to your questions from a wide community of knowledgeable experts on our user-friendly Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

A manufacturing company has a beginning finished goods inventory of $28,300, cost of goods manufactured of $58,500, and an ending finished goods inventory of $27,600. The cost of goods sold for this company is

Sagot :

Answer:

the  cost of goods sold is $59,200

Explanation:

The computation of the cost of goods sold is shown below:

Cost of goods sold = Beginning finished goods inventory + cost of goods manufactured - ending finished goods inventory

= $28,300 + $58,500 - $27,600

= $59,200

Hence, the  cost of goods sold is $59,200

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.