The Gross Margin for Cushing Company for the First Quarter

question 59

Multiple Choice

The gross margin for Cushing Company for the first quarter of last year was $325,000 when sales were $700,000.The beginning inventory of finished goods was $60,000,and the ending inventory of finished goods was $85,000.What was the cost of goods manufactured for the first quarter?

• A) $375,000.
• B) $350,000.
• C) $400,000.
• D) $385,000.

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