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EleoNora [17]
3 years ago
14

Concord Corporation has $15000 of ending finished goods inventory as of December 31, 2019. If beginning finished goods inventory

was $10000 and cost of goods sold was $45000, how much would Concord report for cost of goods manufactured?
Social Studies
1 answer:
Margaret [11]3 years ago
3 0

Answer:

cost of good that manufactured  is $40,000

Explanation:

Given data:

ending inventory - $15000

Beginning inventory - $10000

cost of goods - $45000

cost of goods that manufactured is calculated as

\rightarrow total amount of cost that involved in making of goods is = 10000+ 45000 = $ 55000

cost of good that manufactured = 55000 - 15000 = $ 40,000

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