Question

Last month a manufacturing company had the following operating results: What was the cost of goods manufactured for the month

Answer 1

Cost of goods manufactured 429000

Step-by-step explanation:

The computation of the cost of goods manufactured is shown below:

Particulars Amount (in $)

Sales 505000

Less: Gross Margin 63000

Cost of goods sold 442000

Add: Ending Finished Goods Inventory 71000

Less: Opening Finished Goods Inventory 84000

Cost of goods manufactured 429000