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Concord Corporation has $15000 of ending finished goods inventory as of December 31, 2019. If beginning finished goods inventory was $10000 and cost of goods sold was $45000, how much would Concord report for cost of goods manufactured?

Respuesta :

Answer:

cost of good that manufactured  is $40,000

Explanation:

Given data:

ending inventory - $15000

Beginning inventory - $10000

cost of goods - $45000

cost of goods that manufactured is calculated as

[tex]\rightarrow[/tex] total amount of cost that involved in making of goods is = 10000+ 45000 = $ 55000

cost of good that manufactured = [tex]55000 - 15000 = $ 40,000[/tex]

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