In its first year of operation, the Excellent Publishing Company sells 55,000 units and has 1,900...
In its first year of operation, the Excellent Publishing Company sells 55,000 units and has 1,900 units in stock at year end. The cost of goods sold are $3,900,000.
What are the total manufacturing costs for the year if the average unit cost is $8.50?
A. $16,150
B. $3,883,850
C. $3,900,000
D. $ 3,916,150
Homework Answers
Answer
- Correct Answer is Option ‘D’ $ 3,916,150
- Total manufacturing costs = Cost of Goods Sold + Cost of ending inventory
= $ 3,900,000 + (1900 units x $
8.50)
= 3900000 + 16150
= $ 3,916,150 = Option
D
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