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6 April, 17:59

Mustang Corporation has accumulated the following accounting data for the month of April: Finished goods inventory: April 1 $30,600 Finished goods inventory: April 30 25,000 Total cost of goods manufactured: 116,400a. $125,000 b. $174,200 c. $113,400 d. $62,200 e. $150,600

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  1. 6 April, 18:21
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    a. $125,000

    Explanation:

    Cost of goods sold

    Beginning Finished inventory $30,600

    Cost of goods manufactured $116,400

    Goods available for sale $147000

    Ending Finished inventory ($25,000)

    Cost of goods sold $122000

    Therefore, The cost of goods sold is closest to $125,000.
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Home » Business » Mustang Corporation has accumulated the following accounting data for the month of April: Finished goods inventory: April 1 $30,600 Finished goods inventory: April 30 25,000 Total cost of goods manufactured: 116,400a. $125,000 b. $174,200 c.
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