COST OF GOODS SOLD Allyson Ashley makes jet skis. During the year, Allyson manufactured 54,000 jet skis.

Finished goods inventory had the following units:

January 1 2,100 December 31 2,750 Required:

. How many jet skis did Allyson sell during the year?

. If each jet ski had a product cost of $1,125, what was the cost of goods sold last year?

Exercise