Select the relevant information from the following, and calculate the cost of goods available for sale: Inventories Opening Closing Materials $100 $120 Work in process $60 $30 Finished goods $500 $600 Total manufacturing costs were $5 390. Cost of goods available for sale is: Group of answer choices $5 300 $5 920 $5 320 $5 900

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Select the relevant information from the following, and calculate the cost of goods available for
sale:
Inventories Opening Closing
Materials
$100 $120
$30
$600
Work in process $60
Finished goods $500
Total manufacturing costs were $5 390.
Cost of goods available for sale is:
Group of answer choices
$5 300
$5 920
$5 320
$5 900
Transcribed Image Text:Select the relevant information from the following, and calculate the cost of goods available for sale: Inventories Opening Closing Materials $100 $120 $30 $600 Work in process $60 Finished goods $500 Total manufacturing costs were $5 390. Cost of goods available for sale is: Group of answer choices $5 300 $5 920 $5 320 $5 900
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