A company has year-end cost of goods manufactured of $8,000, beginning finished goods inventory of $1,000, and

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A company has year-end cost of goods manufactured of $8,000, beginning finished goods inventory of $1,000, and ending finished goods inventory of $1,500. Its cost of goods sold is
1. $8,500
2. $8,000
3. $7,500
4. $7,800

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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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Question Posted: May 17, 2012 04:47 AM

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A company has year-end cost of goods manufactured of $8,000, beginning finished goods inventory of $1,000, and

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