Medhurst LLC, a manufacturer, had beginning finished goods inventory of $16,000. The cost of goods manufactured...

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Medhurst LLC, a manufacturer, had beginning finished goods inventory of $16,000. The cost of goods manufactured for the period was $117,000. Ending finished goods inventory was $45,000. What was the cost of goods sold for the period? $88,000 $178,000 $56,000 $133,000 Medhurst LLC, a manufacturer, had beginning finished goods inventory of $16,000. The cost of goods manufactured for the period was $117,000. Ending finished goods inventory was $45,000. What was the cost of goods sold for the period? $88,000 $178,000 $56,000 $133,000

Answer rating: 100% (QA)

To calculate the cost of goods sold for the period we can use the following formula Cost of Goods ... View the full answer