Question: Answer the following questions using the information below: Beginning finished goods, 1/1/2015 $ 92,000 Ending finished goods, 12/31/2015 75,000 Cost of goods sold 300,000 Sales

Answer the following questions using the information below:

Beginning finished goods, 1/1/2015 $ 92,000

Ending finished goods, 12/31/2015

75,000

Cost of goods sold

300,000

Sales revenue

450,000

Operating expenses

95,000

What is the cost of goods manufactured for 2015?

A.

$283,000

B.

$350,000

C.

$285,000

D.

$277,000

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