cost of goods help? (accounting)?

NetherCraft 0

Juliet Corporation has accumulated the following accounting data for the year:

Finished goods inventory, January 1… $3,200

Finished goods inventory, December 31… 4,000

Total cost of goods sold…. 4,200

The cost of goods manufactured for the year is:

a. $ 200.

b. $1,000.

c. $5,000.

d. $6,400.

e. $8,200

1 Answer

  • Manufactured = $5000.

    For next time, use this formula

    Opening Stock = $3200

    Manufactured = x

    Sold = ($4200)

    Closing Stock = $4000

    X = $5000

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