Answer:
The cost of goods sold is $ 4,800.
Explanation:
This problem requires us to calculate cost of good sold. The opening and closing balance of finished goods is given in the question. The cost of good manufactured is also provided in the question.
The cost of good sold can be calculated by finding the amount transferred from finished good account. Detail calculation is given below.
Finished good inventory begining $ 1,000
Cost of good manufactured $ 5,000
Finished good inventory ending ($ 1,200)
Cost of good sold $ 4,800
Answer
The answer and procedures of the exercise are attached in a image below****
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
A car company that puts more effort into measuring quality than total units sold most likely wants to excel at <span>customer satisfaction. It is a well-known fact that the main demand among people from all over the worlds is to buy goods of best quality. The next thing that we expect is that prices must be affordable. The situation represented in this task is aimed to satisfy our needs, that will lead a company to success in future as they will be recognized and have earned the trust.</span>
Founders: Benjamin Bejbaum · Olivier Poitrey · Didier Rappaport
