The following is the year ended data for Tiger Company: Sales Revenue $56,000 Cost of Goods Manufactured 27,000 Beginning Finished Goods Inventory 1,000 Ending Finished Goods Inventory 2,000 Selling Expenses 15,800 Administrative Expenses 3,300 What is the cost of goods sold? A. $30,000 B. $26,000 C. $10,900 D.
The following is the year ended data for Tiger Company: Sales Revenue $56,000 Cost of Goods Manufactured 27,000 Beginning Finished Goods Inventory 1,000 Ending Finished Goods Inventory 2,000 Selling Expenses 15,800 Administrative Expenses 3,300 What is the cost of goods sold? A. $30,000 B. $26,000 C. $10,900 D.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following is the year ended data for Tiger Company:
|
Sales Revenue
|
$56,000
|
|
Cost of Goods Manufactured
|
27,000
|
|
Beginning Finished Goods Inventory
|
1,000
|
|
Ending Finished Goods Inventory
|
2,000
|
|
Selling Expenses
|
15,800
|
|
Administrative Expenses
|
3,300
|
What is the cost of goods sold?
$30,000
$26,000
$10,900
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