Figure 2-4.Junko Company makes financial calculators. During the year Junko manufactured 97,000 financial calculators. Finished goods inventory had the following units on hand:

-Refer to Figure 2-4. If each financial calculator has a per-unit product cost of $112, what was the cost of goods sold last year?
A) $10,864,000
B) $10,839,360
C) $11,005,120
D) $10,888,640

Question

Figure 2-4.Junko Company makes financial calculators. During the year Junko manufactured 97,000 financial calculators. Finished goods inventory had the following units on hand:
 
-Refer to Figure 2-4. If each financial calculator has a per-unit product cost of $112, what was the cost of goods sold last year?
A) $10,864,000 
B) $10,839,360 
C) $11,005,120 
D) $10,888,640

Quizplus · Accepted Answer

The Answer of Figure 2-4.Junko Company makes financial calculators. During the year Junko manufactured 97,000 financial calculators. Finished goods inventory had the following units on hand:
 
-Refer to Figure 2-4. If each financial calculator has a per-unit product cost of $112, what was the cost of goods sold last year?
A) $10,864,000 
B) $10,839,360 
C) $11,005,120 
D) $10,888,640