Next year's sales forecast shows that 20,000 units of Product A and 22,000 units of Product B are going to be sold for prices of $10 and $12 per unit, respectively. The desired ending inventory of Product A is 20% higher than its beginning inventory of 2,000 units. The beginning inventory of Product B is 2,500 units. The desired ending inventory of Product B is 3,000 units.
-The budgeted finished goods inventory and cost of goods sold for a manufacturing company for the year are as follows: January 1 finished goods, $765,000; December 31 finished goods, $540,000; and cost of goods sold for the year, $2,560,000. The budgeted cost of goods manufactured for the year is
A) $1,255,000
B) $2,335,000
C) $2,785,000
D) $3,100,000
Correct Answer:
Verified
Q109: Q110: Next year's sales forecast shows that 20,000 Q111: Below is budgeted production and sales information Q112: Cardinal Company has finished goods inventory of Q113: Cardinal Company has finished goods inventory of Q115: Next year's sales forecast shows that 20,000 Q116: Next year's sales forecast shows that 20,000 Q117: Cardinal Company has finished goods inventory of Q118: Cardinal Company has finished goods inventory of Q119: ![]()
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