Question

Last month, a manufacturing company had the following operating results: Beginning finished goods inventory: $70,100 Ending finished goods inventory: $70,800 Sales: $469,000 Gross margin: $50,100 What was the cost of goods manufactured for the month? Question 5Answer a. $328,100 b. $419,600 c. $140,900 d. $559,800

Name: last month a manufacturing company had the following operating results beginning finished goods inventory 70100 ending finished goods inventory 70800 sales 469000 gross margin 50100 what was 22938
Uploaded: 2023-08-08T23:09:07-08:00
Duration: 2 min 43 s
Channel: Madhur L
Description: last month a manufacturing company had the following operating results beginning finished goods inventory 70100 ending finished goods inventory 70800 sales 469000 gross margin 50100 what was 22938

          Last month, a manufacturing company had the following operating results: 
Beginning finished goods inventory: $70,100
Ending finished goods inventory: $70,800
Sales: $469,000
Gross margin: $50,100
What was the cost of goods manufactured for the month?
Question 5Answer
a. $328,100
b. $419,600
c. $140,900
d. $559,800

Added by Lawrence F.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Madhur L

08/08/2023

Step 1

Step 1: Calculate the cost of goods sold (COGS) using the formula: COGS = Beginning finished goods inventory + Cost of goods manufactured - Ending finished goods inventory Show more…

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Last month, a manufacturing company had the following operating results: Beginning finished goods inventory: $70,100 Ending finished goods inventory: $70,800 Sales: $469,000 Gross margin: $50,100 What was the cost of goods manufactured for the month? Question 5Answer a. $328,100 b. $419,600 c. $140,900 d. $559,800