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Vladimir [108]
2 years ago
15

the cost of goods manufactured for the year was $415,000. the unadjusted cost of goods sold for the year was

Business
1 answer:
aev [14]2 years ago
5 0

Answer:

$403,000

Explanation:

Calculation for what The unadjusted Cost of Goods Sold for the year was:

Finished goods inventory, 1/1 38,000

Add: Cost of goods manufactured 415,000

Goods available for sale 453,000

(38,000+415,000)

Less Finished goods inventory, 12/31 50,000

Unadjusted Cost of goods sold $403,000

(453,000-50,000)

Therefore The unadjusted Cost of Goods Sold for the year was:$403,000

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January 1, 2021, Woody Forrest Corporation granted executive stock options to purchase 30,000 of its common shares at $7 each. T
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