Using the Information Below, Calculate Cost of Goods Sold for the Period

question 104

Multiple Choice

Using the information below, calculate cost of goods sold for the period:

$\begin{array}{lr}\text { Sales revenues for the period }&\$1,304,000\\\text {Operating expenses for the period }&239,000\\\text {Finished Goods Inventory, January 1 }&36,000\\\text {Finished Goods Inventory, December 31 }&41,000\\\text {Cost of goods manufactured for the period }&540,000\\\end{array}$

• A) $774,000.
• B) $769,000.
• C) $530,000.
• D) $535,000.
• E) $448,000.

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