The budgeted finished goods inventory and cost of goods sold for a manufacturing company for the year are as follows:

 January 1 finished goods, $765,000; 

December 31 finished goods, $540,000; and 

cost of goods sold for the year, $2,560,000. 

Calculate budgeted cost of goods manufactured for the year.

Answer rating: 100% (QA)

To calculate the budgeted cost of goods manufactured for the year we can use the follo... View the full answer