Beginning finished goods inventory was $130,000. The cost of goods manufactured for the month was $760,000. And the ending finished goods inventory was $150,000. What was the cost of goods sold for the month?
Darshita Changed status to publish August 29, 2020
Answer:
| Beginning Finished inventory | 130000 |
| Add: Cost of goods manufactured | 760000 |
| Total inventory during the period | 890000 |
| Less : Ending Finished inventory | -150000 |
| Cost of goods sold | 740000 |
So Cost of goods sold = 740000
Darshita Changed status to publish August 29, 2020
