Answer:
$228,000
Explanation:
Beginning work in process inventory, $250000
Cost of goods manufactured, $866000
Beginning finished goods inventory, $292000
Ending work in process inventory, $270000
Ending finished goods inventory, $314000
Cost of Goods Sold = Beginning work in process inventory + Beginning finished goods inventory - Ending finished goods inventory, $314000
Cost of Goods Sold = $250,000 + $292,000 - $314,000
Cost of Goods Sold = 228,000
