The Following Information Was Provided by Grand Company for the Year

question 81

Multiple Choice

The following information was provided by Grand Company for the year just ended:
$\begin{array} { l r } \text { Decrease in finished goods inventory } & \$ 4,655 \\\text { Sales } & \$ 500,000 \\\text { Gross margin } & \$ 100,000\end{array}$
What was the cost of goods manufactured for the year?

• A) $95,345.
• B) $104,655.
• C) $395,345.
• D) $404,655.

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Definitions:

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