Use the following information for the next 4 questions.
Rayfield Company's management accountant collected the following inventory and transaction data for the month: The cost of goods available for sale was $1,370. Total manufacturing costs assigned to work-in-process during the month was $1,170. Manufacturing overhead was $334; and direct materials used were $386.
-Cost of goods sold for the month was

Question

Use the following information for the next 4 questions.
Rayfield Company's management accountant collected the following inventory and transaction data for the month:  The cost of goods available for sale was $1,370. Total manufacturing costs assigned to work-in-process during the month was $1,170. Manufacturing overhead was $334; and direct materials used were $386.
-Cost of goods sold for the month was

Quizplus · Accepted Answer

The cost of goods sold (COGS) is calculated by adding the beginning inventory to purchases and subtracting the ending inventory. Without specific inventory and purchase data, the correct answer is assumed to be based on provided options.

Use the Following Information for the Next 4 Questions