Jamison Supplies has a cost of goods manufactured for the year of $860,000.Beginning work-in- process inventory was $50,000 and ending work-in-process was $60,000.If Jamison's beginning ﬁnished goods inventory was $500,000 and the ending ﬁnished goods inventory was $990,000, what was the company's cost of goods sold for the year?

Question

Quizplus · Accepted Answer

The Answer of Jamison Supplies has a cost of goods manufactured for the year of $860,000.Beginning work-in- process inventory was $50,000 and ending work-in-process was $60,000.If Jamison's beginning ﬁnished goods inventory was $500,000 and the ending ﬁnished goods inventory was $990,000, what was the company's cost of goods sold for the year?

Jamison Supplies Has a Cost of Goods Manufactured for the Year