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For Last Year,Deniliquin Manufacturing Reported the Following -
What Was Deniliquin's Cost of Goods Sold?
A)$103 000

question 59

Multiple Choice

For last year,Deniliquin Manufacturing reported the following:
 Revenue $420000 Beginning inventory of direct materials, January 1 22000 Purchases of direct materials 146000 Ending inventory of direct materials, December 31 16000 Direct manufacturing labour 40000 Indirect manufacturing costs 35000 Beginning inventory of finished goods, January 1 104000 Cost of goods manufactured 36000 Ending inventory of finished goods, December 31 140000\begin{array}{|l|r|}\hline\text { Revenue } & \$ 420000 \\\hline \text { Beginning inventory of direct materials, January 1 } & 22000 \\\hline \text { Purchases of direct materials } & 146000 \\\hline \text { Ending inventory of direct materials, December 31 } & 16000 \\\hline \text { Direct manufacturing labour } & 40000 \\\hline \text { Indirect manufacturing costs } & 35000 \\\hline \text { Beginning inventory of finished goods, January 1 } & 104000 \\\hline \text { Cost of goods manufactured } & 36000 \\\hline \text { Ending inventory of finished goods, December 31 } & 140000\\\hline\end{array}
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What was Deniliquin's cost of goods sold?

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Definitions:

Progress Report

A document that outlines the current status of a project, including what has been accomplished, plans for the future, and any issues encountered.

Formal Report

A detailed document that covers a specific topic or project, providing in-depth analysis, data, and recommendations.

Memo

A short, informal written communication.

Communication

The process of exchanging information, ideas, and feelings between individuals or groups, through various means, verbal or nonverbal.

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