Answer the following questions using the information below:
$\begin{array}{lr}
\text { Beginning finished goods, } 1 / 1 / 2015 & \$ 46,000 \
\text { Ending finished goods, } 12 / 31 / 2015 & 38,000 \
\text { Cost of goods sold } & 250,000 \
\text { Sales revenue } & 488,000 \
\text { Operating expenses } & 112,000
\end{array}$
-What is the cost of goods manufactured for 2015?
A) $242,000
B) $252,000
C) $245,000
D) $250,000

Question

Answer the following questions using the information below:
 $\begin{array}{lr}
\text { Beginning finished goods, } 1 / 1 / 2015 & \$ 46,000 \
\text { Ending finished goods, } 12 / 31 / 2015 & 38,000 \
\text { Cost of goods sold } & 250,000 \
\text { Sales revenue } & 488,000 \
\text { Operating expenses } & 112,000
\end{array}$
-What is the cost of goods manufactured for 2015?
A) $242,000
B) $252,000
C) $245,000
D) $250,000

Quizplus · Accepted Answer

Cost of goods manufactured = Beginning finished goods + Cost of goods sold - Ending finished goods= 46,000 + 250,000 - 38,000= $242,000

Answer the Following Questions Using the Information Below -What Is the Cost of Goods Manufactured for 2015? A)

Answer the Following Questions Using the Information Below -What Is the Cost of Goods Manufactured for 2015?
A)