Question

Froya fabrikker

Schedule of Cost of Goods Sold
Beginning finished goods inventory
Add: Cost of goods manufactured
Cost of goods available for sale
Less: Ending finished goods inventory
Unadjusted cost of goods sold
Adjusted cost of goods sold
$
74,000
910,000
984,000
44,000
940,000
10,700

Answer 1

$10,700

Step-by-step explanation:

To calculate the unadjusted cost of goods sold, you can use the formula:

Unadjusted Cost of Goods Sold = Beginning finished goods inventory + Cost of goods manufactured - Ending finished goods inventory

Unadjusted Cost of Goods Sold = $74,000 + $910,000 - $44,000

Unadjusted Cost of Goods Sold = $940,000

So, the unadjusted cost of goods sold is $940,000.

The adjusted cost of goods sold is given as $10,700 in the provided information.

So, the adjusted cost of goods sold is $10,700.

Therefore, the unadjusted cost of goods sold is $940,000, and the adjusted cost of goods sold is $10,700.