Romeo Corporation has accumulated the following accounting data for the year: $\begin{array}{ll}
\text { Finished goods inventory, January 1 } & \$ 3,200 \
\text { Finished goods inventory, December } 31 & 4,000 \
\text { Total cost of goods sold } & 14,200
\end{array}$
The cost of goods manufactured for the year is:
A) $11,000.
B) $21,400.
C) $17,400.
D) $10,200.
E) $15,000.

Question

Romeo Corporation has accumulated the following accounting data for the year: $\begin{array}{ll}
\text { Finished goods inventory, January 1 } & \$ 3,200 \
\text { Finished goods inventory, December } 31 & 4,000 \
\text { Total cost of goods sold } & 14,200
\end{array}$ 
The cost of goods manufactured for the year is:
A) $11,000.
B) $21,400.
C) $17,400.
D) $10,200.
E) $15,000.

Quizplus · Accepted Answer

The Answer of Romeo Corporation has accumulated the following accounting data for the year: $\begin{array}{ll}
\text { Finished goods inventory, January 1 } & \$ 3,200 \
\text { Finished goods inventory, December } 31 & 4,000 \
\text { Total cost of goods sold } & 14,200
\end{array}$ 
The cost of goods manufactured for the year is:
A) $11,000.
B) $21,400.
C) $17,400.
D) $10,200.
E) $15,000.

Romeo Corporation Has Accumulated the Following Accounting Data for the Year