Mustang Corporation reports the following for the month of April: $\begin{array}{lr}
\text { Finished goods inventory, April 1}&\$30,200\
\text {Finished goods inventory, April 30 }&24,600\
\text {Total cost of goods manufactured }&114,500\
\end{array}$
The cost of goods sold for April is:
A) $169,300.
B) $108,900.
C) $59,700.
D) $120,100.
E) $144,700.

Question

Mustang Corporation reports the following for the month of April: $\begin{array}{lr}
\text { Finished goods inventory, April 1}&\$30,200\
\text {Finished goods inventory, April 30 }&24,600\
\text {Total cost of goods manufactured }&114,500\
\end{array}$
 The cost of goods sold for April is:
A) $169,300.
B) $108,900.
C) $59,700.
D) $120,100.
E) $144,700.

Quizplus · Accepted Answer

The Answer of Mustang Corporation reports the following for the month of April: $\begin{array}{lr}
\text { Finished goods inventory, April 1}&\$30,200\
\text {Finished goods inventory, April 30 }&24,600\
\text {Total cost of goods manufactured }&114,500\
\end{array}$
 The cost of goods sold for April is:
A) $169,300.
B) $108,900.
C) $59,700.
D) $120,100.
E) $144,700.

Mustang Corporation Reports the Following for the Month of April