selecting computers with epeat power supplies should reduce the annual operating cost of a computer by what?
1 answer:
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<u>Given:</u>
Beginning Finished Goods
Cost of Goods Manufactured
Ending Finished Goods
Raw material purchases
<u>To find:</u>
Cost of Goods Sold
<u>Solution:</u>
The formula to calculate the cost of the goods sold for the manufacturing company is as follows,
Cost of Goods Sold = Beginning Finished Goods + Cost of Goods Manufactured - Ending Finished Goods
On substituting the values in the above formula we get,
Therefore, the cost of goods sold is $29300.
Here, we have ignored the purchase of raw materials cost because this amount will already be included in the cost of goods manufactured.