Answer:
COGS= $2,129,700
Explanation:
Giving the following information:
Finished goods inventory:
Beginning= $190,000
Ending= $150,000
Cost of goods manufactured= $2,089,700
The cost of goods sold is calculated using the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 190,000 + 2,089,700 - 150,000
COGS= $2,129,700
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
