Cost of goods manufactured for the first quarter, Accounting Basics

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Cost of goods manufactured for the first quarter

The gross margin for Cushing Company for the first quarter of last year was $325,000 when sales were $700,000. The beginning inventory of finished goods was $60,000 and the ending inventory of finished goods was $85,000. The cost of goods manufactured for the first quarter would have been:

a. $375,000.

b. $350,000.

c. $400,000.

d. $385,000.

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Accounting Basics: Cost of goods manufactured for the first quarter

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Accounting Basics: Cost of goods manufactured for the first quarter

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Recent Questions Asked Accounting Basics

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Accounting Basics: Cost of goods manufactured for the first quarter

Reference No:- TGS096499

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