The Following Information Pertains to the Packer Corporation A) $258,000

question 157

Multiple Choice

The following information pertains to the Packer Corporation. Calculate the cost of goods sold for the period: $\begin{array} { l c } \text { Beginning Raw Materials } &\$ 30,000 \\\text { Ending Raw Materials } & 70,000 \\\text { Beginning Work in Process Inventory } & 40,000 \\\text { Ending Work in Process Inventory } & 46,000 \\\text { Beginning Finished Goods Inventory } & 72,000 \\\text { Ending Finished Goods Inventory } & 68,000 \\\text { Cost of Goods Manufactured for the period } & \$ 246,000\end{array}$

• A) $258,000.
• B) $290,000.
• C) $242,000.
• D) $250,000.
• E) $246,000.

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