The Finished Goods Inventory and the Cost of Goods Sold

question 43

Multiple Choice

The Finished Goods Inventory and the Cost of Goods Sold for a manufacturing company for the year 2014 are as follows: May 1 Finished Goods Inventory,$470,500;May 31 Finished Goods Inventory,$125,000;Cost of Goods Sold for the year,$1,110,000.The cost of goods manufactured for the month was

• A)$1,455,500.
• B)$595,500.
• C)$985,000.
• D)$764,500.

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Definitions:

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The firmness of purpose or the resolve to achieve a specific goal despite challenges.