Tenneson Corporation's cost of goods manufactured for the just completed month was $151,000 and its inventories were as follows: How much was the cost of goods available for sale on the Schedule of Cost of Goods Sold?
A)$137,000
B)$185,000
C)$151,000
D)$136,000

Question

Tenneson Corporation's cost of goods manufactured for the just completed month was $151,000 and its inventories were as follows:  How much was the cost of goods available for sale on the Schedule of Cost of Goods Sold?
A)$137,000 
B)$185,000 
C)$151,000 
D)$136,000

Quizplus · Accepted Answer

The cost of goods available for sale can be calculated by adding the beginning inventory to the cost of goods manufactured. Since the question provides the cost of goods manufactured and the inventory information, we can easily calculate the cost of goods available for sale as follows:

Cost of Goods Available for Sale = Beginning Inventory + Cost of Goods Manufactured
Cost of Goods Available for Sale = $34,000 + $151,000
Cost of Goods Available for Sale = $185,000

Therefore, the correct answer is B. 11ea7998_5eff_be6b_911b_21a897c3b70e_TB2627_00_TB2627_00

Tenneson Corporation's Cost of Goods Manufactured for the Just Completed