Tuesday, May 24, 2011

What is cost of goods manufactured for 20x3?

ACCOUNTING

Multiple Choice

The following information pertains to Harding Company:



Beginning finished goods, 1/1/20x3 $ 80,000

Ending finished goods, 12/31/20x3 67,000

Cost of goods sold 270,000

Sales revenue 500,000

Operating expenses 145,000



What is cost of goods manufactured for 20x3?

a. $230,000

b. $257,000

c. $283,000

d. $355,000

Click here for the SOLUTION

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