Celestin Manufacturing Company incurred $8,000 of depreciation on its manufacturing equipment during its first year of operation. During this year the company made 4,000 units of product and sold 2,300 units of product. Based on this information alone the company would show Multiple Choice $4,600 of inventory on its balance sheet $8,000 of inventory on its balance sheet $4,600 of cost of goods sold expense on its income statement. $8,000 of depreciation expense on its income statement.

Celestin Manufacturing Company incutred $8,000 of depreciason on its manufacturing equipment durng its first year of operation During this year the company made 4,000 units of product and sold 2,300 units of product. Based on this intormation atone the company would show Multple chace 54600 et inventory on tw beimse whet. 54600 of cose of goods wid exptrae on we ncome nusmemt