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7 May, 09:23

Versaille company has cost of goods manufactured $325,000, beginning finished goods inventory $150,000, and ending finished goods inventory $175,000, for the year. What is the cost of goods sold?

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  1. 7 May, 09:41
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    Calculation of Cost of Goods Sold for Versaille company:

    It is given that Versaille Company has the cost of goods manufactured $325,000, beginning finished goods inventory $150,000, and ending finished goods inventory $175,000. The Cost of Goods Sold can be calculated using the following formula;

    Cost of Goods Sold = Cost of goods manufactured + beginning finished goods inventory - ending finished goods inventory

    = 325,000+150,000-175,000

    = $300,000

    Hence, the cost of goods sold for Versaille company is $300,000
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