Cost of goods manufactured equals $95000 for 2019. Finished goods inventory is $1000 at the beginning of the year and $2500 at the end of the year. Beginning and ending work in process for 2019 are $2000 and $3000, respectively. How much is cost of goods sold for the year?

$94000

$93500

$96500

$95500

Answer rating: 100% (QA)

Cost of goods manufactured 95000 Finished goods inventory begi... View the full answer