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A manufacturing company has a beginning finished goods inventory of $27,300, cost of goods manufactured of $57,500, and an ending finished goods inventory of $26,600. The cost of goods sold for this company is: Multiple Choice $111,400. $56,800. $3,600. $84,100. $58,200.

Respuesta :

TomShelby

Answer:

$58,200.

Explanation:

We use the inventory identity to solve for COGS

[tex]$Beginning Inventory + Production = Ending Inventory + COGS[/tex]

Beginning Inventory  27,300

Production  57,500

Ending  26,600

27,300 + 57,500 = 26,600 + COGS

COGS = 27,300 + 57,500 - 26,600

COGS = 58,200

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