A manufacturing company has a beginning finished goods inventory of $16,600, raw material purchases of $20,000, cost of goods manufactured of $36,500, and an ending finished goods inventory of $19,800. The cost of goods sold for this company is: Multiple Choice $53,100. $33,300. $36,500. $23,200. $31,600.

A manufacturing company has a beginning finished goods inventory of $16,600, raw material purchases of $20,000, cost of goods manufactured of $36,500, and an ending finished goods inventory of $19,800. The cost of goods sold for this company is: Multiple Choice $53,100. $33,300. $36,500. $23,200. $31,600.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 3CE: Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods...

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