The following information was provided by Wilson Company for the year just ended: $$\begin{array} { | l | r | }
\hline \text { Beginning finished goods inventory } & \$ 150,750 \
\hline \text { Ending finished goods inventory } & \$ 140,475 \
\hline \text { Sales } & \$ 475,000 \
\hline \text { Gross margin } & \$ 150,000 \
\hline
\end{array}$$ The cost of goods manufactured for the year was:
A)$325,000.
B)$333,275.
C)$314,725.
D)$334,275.

Question

The following information was provided by Wilson Company for the year just ended: $$\begin{array} { | l | r | } 
\hline \text { Beginning finished goods inventory } & \$ 150,750 \
\hline \text { Ending finished goods inventory } & \$ 140,475 \
\hline \text { Sales } & \$ 475,000 \
\hline \text { Gross margin } & \$ 150,000 \
\hline
\end{array}$$ The cost of goods manufactured for the year was:
A)$325,000.
B)$333,275.
C)$314,725.
D)$334,275.

Quizplus · Accepted Answer

The Answer of The following information was provided by Wilson Company for the year just ended: $$\begin{array} { | l | r | } 
\hline \text { Beginning finished goods inventory } & \$ 150,750 \
\hline \text { Ending finished goods inventory } & \$ 140,475 \
\hline \text { Sales } & \$ 475,000 \
\hline \text { Gross margin } & \$ 150,000 \
\hline
\end{array}$$ The cost of goods manufactured for the year was:
A)$325,000.
B)$333,275.
C)$314,725.
D)$334,275.

The Following Information Was Provided by Wilson Company for the Year