Question: Can you help me walk through solving this problem? Thanks Cost of goods manufactured equals $87 ,OOO for the year. Finished goods inventory is $10,000

Cost of goods manufactured equals $87 ,OOO for the year. Finished goods

Can you help me walk through solving this problem?

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Cost of goods manufactured equals $87 ,OOO for the year. Finished goods inventory is $10,000 at the beginning of the year and $4,000 at the end of the year. Beginning and ending work in process are $4,000 and $5,000, respectively. How much is cost of goods sold for the year? YOUR ANSWER $eooo $87,000 $97,000 CORRECT ANSWER

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