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

Question

Quizplus · Accepted Answer

The Answer of The following information was provided by Grand Company for the year just ended:
$\begin{array}{|l|r|}
\hline \text { Decrease in finished goods inventory } & \$ 4,655 \
\hline \text { Sales } & \$ 500,000 \
\hline \text { Gross margin } & \$ 100,000 \
\hline
\end{array}$
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