Question: Compute cost of goods sold for 2015 using the following

Compute cost of goods sold for 2015 using the following information.
Finished goods inventory, Dec. 31, 2014 . . . . . . . . . . . . . $345,000
Work in process inventory, Dec. 31, 2014 . . . . . . . . . . . 83,500
Work in process inventory, Dec. 31, 2015 . . . . . . . . . . . 72,300
Cost of goods manufactured, 2015 . . . . . . . . . . . . . . . . . 918,700
Finished goods inventory, Dec. 31, 2015 . . . . . . . . . . . . . 283,600

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  • CreatedApril 23, 2015
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