For each of the following independent cases AD compute the m

For each of the following independent cases A-D, compute the missing values: (Enter all amounts as positive values.) Cost of Goods Finished Goods Goods Inventory Goods Sold eM Inventory 3,160$ 520 $ 130 1,33 4,710 A.Ai 9,550 4,200 830 640 11,070 2,230

Solution

The correct answer is :

Cost of Goods Sold = Beginning Finished Goods Inventory + Cost of goods Manufactured - Ending Finished Goods Inventory

Note :

A = 520 + 3,160 - 130

= $ 3,550

B = 4,710 -4,200 +1,350

= $ 1,860

C = 4,465 + 640 - 830

= $ 4,275

D = 11,070 + $ 2,230 - $ 9,550

= $ 3,750

	Cost of goods Manufactured	Beginning Finished Goods Inventory	Ending Finished Goods Inventory	Cost of goods Sold
A	3,160	520	130	3,550
B	4,200	1,860	1,350	4,710
C	4,275	830	640	4,465
D	11,070	2,230	3,750	9,550