The following information pertains to Worf Company: Cost of Goods Manufactured $378 Total Manufacturing Costs $425 Beginning Finished Goods Balance $1,017 Ending Finished Goods Balance $888 Beginning Work in Process Inventory $286 Ending Work in Process Inventory $333 Question: What is Worf Company's unadjusted Cost of Goods Sold?

Question

Bruce Combs

Business

23 April, 19:22

The following information pertains to Worf Company: Cost of Goods Manufactured $378 Total Manufacturing Costs $425 Beginning Finished Goods Balance $1,017 Ending Finished Goods Balance $888 Beginning Work in Process Inventory $286 Ending Work in Process Inventory $333 Question: What is Worf Company's unadjusted Cost of Goods Sold?

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Answers (1)

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Adriel Bright · Answer 1

Adjusted cost of goods sold $

Beginning finished goods 1,017

Add: Cost of goods manufactured 378

1,395

Less: Ending finished goods 888

Unadjusted cost of goods sold 507

Explanation:

Unadjusted cost of goods sold is the sum of beginning finished goods and cost of goods manufactured minus ending finished goods.