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متابعة

An entity had the following opening and closing inventory balances during the current year:

           1/1                              12/31

      Finished goods        $90,000                        $260,000

      Raw materials          105,000                          130,000

      Work-in-progress      220,000                          175,000

The following transactions and events occurred during the current year:

 $300,000 of raw materials were purchased, of which $20,000 were returned because of defects.

 $600,000 of direct labor costs were incurred.

 $750,000 of production overhead costs were incurred.

The cost of goods sold for the current year ended December31 would be  A.$1,480,000

B. $1,500,000

C. $1,610,000

D. $1,650,000

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تاريخ النشر: 2015/02/26
Mark Angelo Damuag
من قبل Mark Angelo Damuag , Financial Analyst , Evacare Management Consultancy Inc

The cost of goods sold for the current year ended December31 would be A.$1,480,000.

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