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Dmitry_Shevchenko [17]
3 years ago
5

Mustang Corporation has accumulated the following accounting data for the month of April: Finished goods inventory, April 1$32,4

00 Finished goods inventory, April 30 26,400 Total cost of goods manufactured 122,900 The cost of goods sold for the year is:
Business
1 answer:
nataly862011 [7]3 years ago
3 0

Answer:

$128,900

Explanation:

Cost of goods sold calculation

Opening Finished goods inventory                  $32,400

Add cost of goods manufactured                    $122,900

Less Closing Finished goods inventory          ($26,400)

Cost of goods sold                                            $128,900

therefore,

The cost of goods sold for the year is $128,900.

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