Question

Fontana Manufacturing provided the following information for the month ended March 31: Sales Revenue $26,000 Beginning Finished Goods Inventory 8000 Ending Finished Goods Inventory 13,500 Cost of Goods Manufactured 15,600 Compute cost of goods available for sale.

Answer 1

Answer:

10,100

Explanation:

The cost of goods sold refers to the direct expense incurred in manufacturing products meant for sale.

the cost of goods sold is calculated using the formula

COGS = opening stock + purchase/ cost of goods manufactured - ending stock

For Fontana manufacturing

Beginning  stock = 8,000

Ending stock =13, 500

Cost of goods manufactured 15,600

COGS= 8,000 + 15,600- 13,500

COGS = 10,100