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Brady's Bricks Co. manufactures all kinds of building blocks for kids. The following information is available from the company's 2023 budget: Beginning finished goods inventory
Brady's Bricks Co. manufactures all kinds of building blocks for kids. The following information is available from the company's 2023 budget: Beginning finished goods inventory $110,000 Ending finished goods inventory $125,000 Sales revenue $3,000,000 Cash collected from customers $2,700,000 Materials purchased (all paid for in 2023) $935,000 Materials used $975,000 Direct labor costs $365,000 Manufacturing overhead $200,000 Office/admin salaries $100,000 Marketing expenses $21,000 What is budgeted Cost of Goods Sold for 2023? $1,515,000 $1,525,000 $1,485,000 O $1,475,000
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