Chapter 18, Problem 7QS

To determine

Concept Introduction:

Cost of goods sold:

The cost of goods sold can be defined as the total cost attributable to the production of the goods sold in a period. The cost of goods sold is calculated by adding beginning finished goods inventory to cost of goods manufactured and subtracting the ending inventory of finished goods for the period.

To compute:

Cost of goods sold for 2015 using the information given