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2 years ago

Romeo Corporation reports the following for the year:

Business

1 answer:

Wewaii [24]2 years ago

3 0

Answer:

C. $15,000

Explanation:

Given that

Finished goods inventory, January 1 $ 3,200

Finished goods inventory, December 31 4,000

Total cost of goods sold 14,200

So the cost of goods manufactured is

As we know that

Cost of goods sold = Opening balance of finished goods + Cost of goods manufactured - ending balance of finished goods

$14,200 = $3,200 + Cost of goods manufactured - $4,000

So, the cost of goods manufactured is $15,000

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Answer:

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2 years ago

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Answer:

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Explanation:

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