Multiple Choice Question 97 Waterway Industrieshas $30000 of ending finished goods inventory as of December 31,...
Multiple Choice Question 97
Waterway Industrieshas $30000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $25000 and cost of goods sold was $60000, how much would Waterway report for cost of goods manufactured?
Homework Answers
cost of goods sold=beginning finished goods inventory+cost of goods manufactured-ending finished goods inventory
60,000=25000+cost of goods manufactured-30,000
cost of goods manufactured=60,000+30,000-25000
=$65,000
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Multiple Choice Question 97
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