Unique Company provided the following budgeted data for July:
What is the budgeted cost of goods sold?
A) $165,000
B) $179,000
C) $214,000
D) $184,000
E) $75,000

Question

Unique Company provided the following budgeted data for July:  
 What is the budgeted cost of goods sold?
A) $165,000 
B) $179,000 
C) $214,000 
D) $184,000 
E) $75,000

Quizplus · Accepted Answer

Budgeted manufacturing costs = Direct materials used + Direct labor used + Overhead Budgeted manufacturing costs = $60,000 + $35,000 + $100,000 = $195,000
Budgeted cost of goods sold = Budgeted manufacturing costs + Beginning finished goods - Ending finished goods
Budgeted cost of goods sold = $195,000 + $20,000 -$36,000 = $179,000

Unique Company Provided the Following Budgeted Data for July