Cost of Goods Sold Pine Creek Company completed 200000 units

Cost of Goods Sold Pine Creek Company completed 200,000 units during the year at a cost of $3,000,000. The beginning finished goods inventory was 25,000 unit: at $310,000. Determine the cost of goods sold for 210,000 units, assuming a FIFO cost flow. Feedback Check My Work The beginning inventory plus the cost of pro

Solution

Cost of goods sold = 310000+(3000000/200000*185000)= 3085000