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zhannawk [14.2K]
3 years ago
8

The following information pertains to the Frameworks Corporation for May. Calculate the cost of goods sold for the period:

Business
1 answer:
gogolik [260]3 years ago
4 0

Answer:

b.$131,300.

Explanation:

Cost of Goods Manufactures = $129,800

Beginning Finished Goods Inventory = $22,500

Ending Finished Goods Inventory = $21,000

Cost of Goods Sold = Cost of Goods Manufactures + Beginning Finished Goods Inventory - Ending Finished Goods Inventory

Cost of Goods Sold = $129,800 + $22,500  - $21,000

Cost of Goods Sold = $131,300

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