How would you calculate cost of goods sold if you have the f

How would you calculate cost of goods sold if you have the following info: Work in process for Jan 1 & Dec. 31, Finished goods inventory for Jan. 1 and Dec. 31. The final piece of into would be your cost of goods manufactured. I\'m not sure how to piece the info together.

Solution

Cost of Goods Sold

= Finished goods inventory for Jan. 1 +  cost of goods manufactured -  Finished goods inventory  Dec. 31