Kanye Ridge Industries has a beginning finished goods inventory of $24,300, raw material purchases of $31,500, cost of goods manufactured of $42,700, and an ending finished goods inventory of $18,900. The cost of goods sold for this company is?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 12EA: What are the total costs to account for if a companys beginning inventory had $231,432 in materials,...
icon
Related questions
Question
100%

Kanye Ridge Industries has a beginning finished goods inventory of $24,300, raw material purchases of $31,500, cost of goods manufactured of $42,700, and an ending finished goods inventory of $18,900. The cost of goods sold for this company is?

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College