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Compute cost of goods sold using the following information :

Finished goods inventory , beginning $780
Cost of goods manufactured 4560
Finished goods inventory , ending 850

Required:
Prepare the schedule of cost of goods manufactured for Barton Company.

Respuesta :

ayokenny2001

Answer:

See below

Explanation:

Computation of cost of goods sold

Finished goods inventory : Beginning

$780

Add:

Cost of goods manufactured

$4,560

Finished goods available for sale

$5,340

Less :

Finished goods inventory : ending

($850)

Cost of goods sold

$4,490

Therefore, the cost of goods sold is $4,490

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