Aemas SARL has provided the following information regarding their inventories: Total Manufacturing Costs: $860,272 Work-in-Process inventory, Jan 1: $54,016 Work-in-Process inventory, Dec 31: $77,246 Finished Goods inventory, Jan 1: $180,617 Finished Goods inventory, Dec 31: $154,319 What is Cost of Goods Sold for the year?

Answer rating: 100% (QA)

To calculate the Cost of Goods Sold COGS for the year we need to use the formula COGS Total Ma... View the full answer