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23 September, 11:39

A manufacturing company reports the following items: Finished goods inventory beginning balance: $1,000; Finish goods inventory ending balance: $1,200; Cost of goods manufactured $5,000. The cost of goods sold is $.

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  1. 23 September, 11:46
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    The cost of goods sold is $4,800

    Explanation:

    Given,

    Beginning Inventory = $1,000

    Ending Inventory = $1,200

    Cost of goods manufactured = $5,000

    Cost of goods sold = Beginning Inventory + Cost of goods manufactured - Ending Inventory.

    Cost of goods sold = $1,000 + $5,000 - $1,200

    Cost of goods sold = $4,800
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