Question

a manufacturing company has a beginning finished goods inventory of 15,100, raw material purchases of 18,500, cost of goods manufactured of 33,500 and an ending finished goods inventory of 18,300. the cost of goods sold for this company is

Answer 1

$30,300

Step-by-step explanation:

cost of goods sold = opening inventory + cost of goods manufactured - closing inventory

= $15,100 + $33,500 - $18,300

= $30,300

The cost of goods sold for this company is $30,300