Use the following information to calculate the cost of goods sold for the period: $\begin{array}{lr}
\text { Beginning Finished Goods Inventory } & \$ 19,500 \
\text { Ending Finished Goods Inventory } & 18,000 \
\text { Cost of Goods Manufactured } & 126,800
\end{array}$

A) $164,300.
B) $126,800.
C) $125,300.
D) $146,300.
E) $128,300.

Question

Use the following information to calculate the cost of goods sold for the period: $\begin{array}{lr}
\text { Beginning Finished Goods Inventory } & \$ 19,500 \
\text { Ending Finished Goods Inventory } & 18,000 \
\text { Cost of Goods Manufactured } & 126,800
\end{array}$

A) $164,300.
B) $126,800.
C) $125,300.
D) $146,300.
E) $128,300.

Quizplus · Accepted Answer

Cost of Goods Sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Ending Finished Goods Inventory = $19,500 + $126,800 - $18,000 = $128,300.

Use the Following Information to Calculate the Cost of Goods