X Company a manufacturer reported the following inventory ba

X Company, a manufacturer, reported the following inventory balances for 2014: The following additional information was available: Direct materials costing $63,251 were purchased. Direct labor cost was $31,103. Overhead applied was $51,005. Selling and administrative costs were $38,316. Sales were $444,219. What was Cost of Goods Sold for the year?

Solution

The Cost of Goods Sold for the year is $260,544.

Sales- All the expenses for making that good.