The cost of goods sold for Heedy manufacturing in 2011 was $233,000. The January 1, 2011, finished goods inventory balance was $31,600, and the December 31, 2011, finished goods inventory balance was $24,200. Cost of goods manufactured during the period was:

Question

Quizplus · Accepted Answer

Cost of goods manufactured = Beginning finished goods inventory + Cost of goods sold - Ending finished goods inventory= $31,600 + $233,000 - $24,200= $225,600

The Cost of Goods Sold for Heedy Manufacturing in 2011