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
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Manufactured = $5000.
For next time, use this formula
Opening Stock = $3200
Manufactured = x
Sold = ($4200)
Closing Stock = $4000
X = $5000
