Sales 160,000 - Gross profit 48,000-Year end finished good inventory 58,300 - Open finished good inventory 60190 what is cost of good manufactured ??

Cost of goods sold = Sales – Gross profit =160,000 -48,000 = 112,000. 

Available for sale finished goods = Cost of goods sold + Ending finished goods inventory =

112,000 +58,300 = 170,300. 

Cost of goods manufactured = Available for Sale finished goods - Opening finished 

goods inventory =170,300 –60,190 = 110,110.