In its first year of operation, the Excellent Publishing Company sells 52,000 units and has 1,700 units in stock at year end. The cost of goods sold are $3,100,000. What are the total manufacturing costs for the year if the average unit cost is $8.50?
A) $3,114,450
B) $3,100,000
C) $3,085,550
D) $14,450

Question

Quizplus · Accepted Answer

$3,100,000 + (1,700 x $8.50) = $3,114,450

In Its First Year of Operation, the Excellent Publishing Company