Johnson Manufacturing has the following selected information available for the year: In addition, the cost of the finished goods inventory increased by $10,000 from the beginning to the end of the year. Cost of goods sold for the year is:

Question

Johnson Manufacturing has the following selected information available for the year:  In addition, the cost of the finished goods inventory increased by $10,000 from the beginning to the end of the year. Cost of goods sold for the year is:

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The Answer of Johnson Manufacturing has the following selected information available for the year:  In addition, the cost of the finished goods inventory increased by $10,000 from the beginning to the end of the year. Cost of goods sold for the year is:

Johnson Manufacturing Has the Following Selected Information Available for the Year