Last month a manufacturing company had the following operating results: $$\begin{array} { | l | r | }
\hline \text { Beginning finished goods inventory } & \$ 74,000 \
\hline \text { Ending finished goods inventory } & \$ 73,000 \
\hline \text { Sales } & \$ 464,000 \
\hline \text { Gross margin } & \$ 52,000 \
\hline
\end{array}$$ What was the cost of goods manufactured for the month?

Question

Last month a manufacturing company had the following operating results: $$\begin{array} { | l | r | } 
\hline \text { Beginning finished goods inventory } & \$ 74,000 \
\hline \text { Ending finished goods inventory } & \$ 73,000 \
\hline \text { Sales } & \$ 464,000 \
\hline \text { Gross margin } & \$ 52,000 \
\hline
\end{array}$$ What was the cost of goods manufactured for the month?

Quizplus · Accepted Answer

The Answer of Last month a manufacturing company had the following operating results: $$\begin{array} { | l | r | } 
\hline \text { Beginning finished goods inventory } & \$ 74,000 \
\hline \text { Ending finished goods inventory } & \$ 73,000 \
\hline \text { Sales } & \$ 464,000 \
\hline \text { Gross margin } & \$ 52,000 \
\hline
\end{array}$$ What was the cost of goods manufactured for the month?

Last Month a Manufacturing Company Had the Following Operating Results