Nolte Manufacturing Company reported the following year-end information:
Nolte Manufacturing Company's cost of goods manufactured for the year is:
A) $760,000
B) $820,000
C) $700,000
D) $880,000

Name: Nolte Manufacturing Company reported the following year-end information: Nolte Manufacturing Company's cost of goods manufactured for the year is: A) $760,000 B) $820,000 C) $700,000 D) $880,000
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Question

Nolte Manufacturing Company reported the following year-end information:
 Nolte Manufacturing Company's cost of goods manufactured for the year is:
A) $760,000 
B) $820,000 
C) $700,000 
D) $880,000

Quizplus · Accepted Answer

COGM equals: $360,000 + (($100,000 + 320,000 - 160,000) + 300,000 + 200,000) - 300,000 = $820,000.

Nolte Manufacturing Company Reported the Following Year-End Information