Use the following to answer questions:
Carlos Co. produces tables. The sales estimated for the third quarter of the year are as follows:
The beginning inventory finished goods balance should equal 25 percent of each month's sales for the third quarter and 20 percent of each month's sales for the fourth quarter. October sales are estimated at 20,000 tables. The cost of producing a table is $185.
-What will be the cost of goods manufactured in September?
A) $6,197,500
B) $6,012,500
C) $5,087,500
D) $4,902,500
Correct Answer:
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