Marigold Corp. reported the following year-end information: beginning work in process inventory, $90000; cost of goods manufactured, $866000; beginning finished goods inventory, $162000; ending work in process inventory, $130000; and ending finished goods inventory, $174000. Marigold Corp.'s cost of goods sold for the year is .a. $826000.
b. $878000.
c. $692000.
d. $854000.
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Ответ:
=$854,000
Explanation:
The cost of goods sold is the expense incurred by a manufacturing firm when making goods to be sold to customers. It is calculated using the formula.
Cost of goods sold = Beginning Stock plus purchases/ cost of goods manufactured minus ending stock
Marigold Corp:
Beginning stock: $162,000
Ending stock: $174,000
cost of goods manufactured, $866000;
cost of goods sold =
$162,000 + 866,000 -$174,000
=$854,000
Ответ: