For the year 2014, Dumas Companys gross profit was $96,000; the cost of goods manufactured was $340,000;

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For the year 2014, Dumas Company’s gross profit was $96,000; the cost of goods manufactured was $340,000; the beginning inventories of goods in process and finished goods were $28,000 and $45,000, respectively; and the ending inventories of goods in process and finished goods were $38,000 and $52,000, respectively.

Required:
What is the dollar amount of Dumas Company sales for 2014?

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Financial Reporting and Analysis

ISBN: 978-0078025679

6th edition

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

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