Answer:
Cost of goods sold=$33,100
Explanation:
Given data:
Beginning finished goods inventory=$16,500
Raw material purchases=$19,900
Cost of goods manufactured=$36,300
Ending finished goods inventory=$19,700
Required:
Cost of goods sold for this company=?
Solution:
Cost of goods sold= Beginning Inventory+Cost of f goods manufactured- Ending Inventory
Cost of goods sold=$16,500+$36,300-$19,700
Cost of goods sold=$33,100
