The following information was provided by Wilson Company for the year just ended:
$\begin{array} { l l }
\text { Beginning finished goods inventory } & \$ 150,750 \
\text { Ending finished goods inventory } & \$ 140,475 \
\text { Sales } & \$ 475,000 \
\text { Gross margin } & \$ 150,000
\end{array}$
What was the cost of goods manufactured for the year?
A) $314,725.
B) $335,275.
C) $325,000.
D) $464,725.

Question

The following information was provided by Wilson Company for the year just ended: 
$\begin{array} { l l } 
\text { Beginning finished goods inventory } & \$ 150,750 \
\text { Ending finished goods inventory } & \$ 140,475 \
\text { Sales } & \$ 475,000 \
\text { Gross margin } & \$ 150,000
\end{array}$
What was the cost of goods manufactured for the year?
A) $314,725.
B) $335,275.
C) $325,000.
D) $464,725.

Quizplus · Accepted Answer

The Answer of The following information was provided by Wilson Company for the year just ended: 
$\begin{array} { l l } 
\text { Beginning finished goods inventory } & \$ 150,750 \
\text { Ending finished goods inventory } & \$ 140,475 \
\text { Sales } & \$ 475,000 \
\text { Gross margin } & \$ 150,000
\end{array}$
What was the cost of goods manufactured for the year?
A) $314,725.
B) $335,275.
C) $325,000.
D) $464,725.

The Following Information Was Provided by Wilson Company for the Year