Bradford,Inc. ,expects to sell 8,000 ceramic vases for $21 each.Direct materials costs are $4,direct manufacturing labor is $10,and manufacturing overhead is $4 per vase.The following inventory levels apply to 2019:

On the 2019 budgeted income statement,what amount will be reported for cost of goods sold?

Question

Bradford,Inc. ,expects to sell 8,000 ceramic vases for $21 each.Direct materials costs are $4,direct manufacturing labor is $10,and manufacturing overhead is $4 per vase.The following inventory levels apply to 2019:

On the 2019 budgeted income statement,what amount will be reported for cost of goods sold?

Quizplus · Accepted Answer

Cost of goods sold is $144,000 [8,000 × ($4 + $10 + $4)].