Answer:
$100,000= cost of goods manufactured
Explanation:
Giving the following information:
Kushman Industries has $40,000 of ending finished goods inventory.
Beginning finished goods inventory was $20,000
Cost of goods sold was $80,000
To calculate the cost of goods manufactured, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
80,000 = 20,000 + cost of goods manufactured - 40,000
$100,000= cost of goods manufactured
