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Jake’s Corp. obtained the following information from its accounting records: Sales = $416,000 Beginning

Finished Goods Inventory = $184,500 Ending Finished Goods Inventory = $168,000 Cost of Goods Sold = $311,000 Ending Work-in-Process Inventory = $97,500 What was the Cost of Goods Manufactured for this period?

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Accounting-8218484.doc

Solution:
Cost of Goods Manufactured for this period:
Sales = $416,000 Add: Beginning Finished Goods Inventory = $184,500
Less: Ending Finished Goods Inventory = $168,000
$ 432,500

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