The following inventory balances relate to Bharath Manufacturing Corporation at the beginning and end of the year: Bharath's cost of goods sold was $653,000.What was Bharath's cost of goods manufactured?

Question

The following inventory balances relate to Bharath Manufacturing Corporation at the beginning and end of the year:  Bharath's cost of goods sold was $653,000.What was Bharath's cost of goods manufactured?

Quizplus · Accepted Answer

11eaaee8_67a9_faec_933a_3709b498a867_TB5186_00 Goods available for sale = Cost of goods sold + Finished goods inventory,ending
Goods available for sale = $653,000 + $36,000 = $689,000
Finished goods inventory,beginning + Cost of goods manufactured = Goods available for sale
$29,000 + Cost of goods manufactured = $689,000
Cost of goods manufactured = $689,000 - $29,000 = $660,000

The Following Inventory Balances Relate to Bharath Manufacturing Corporation at the Beginning