The following information was provided by Grand Company for the year just ended:
$\begin{array} { l r }
\text { Decrease in finished goods inventory } & \$ 4,655 \
\text { Sales } & \$ 500,000 \
\text { Gross margin } & \$ 100,000
\end{array}$
What was the cost of goods manufactured for the year?
A) $95,345.
B) $104,655.
C) $395,345.
D) $404,655.

Question

The following information was provided by Grand Company for the year just ended: 
$\begin{array} { l r } 
\text { Decrease in finished goods inventory } & \$ 4,655 \
\text { Sales } & \$ 500,000 \
\text { Gross margin } & \$ 100,000
\end{array}$
What was the cost of goods manufactured for the year?
A) $95,345.
B) $104,655.
C) $395,345.
D) $404,655.

Quizplus · Accepted Answer

The Answer of The following information was provided by Grand Company for the year just ended: 
$\begin{array} { l r } 
\text { Decrease in finished goods inventory } & \$ 4,655 \
\text { Sales } & \$ 500,000 \
\text { Gross margin } & \$ 100,000
\end{array}$
What was the cost of goods manufactured for the year?
A) $95,345.
B) $104,655.
C) $395,345.
D) $404,655.

The Following Information Was Provided by Grand Company for the Year