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cme Company is a manufacturer. Here are data regarding the current month: Sales revenue $250,000 Fixed administrative expenses $25,000 Variable administrative expenses $3,750 Fixed


 

cme Company is a manufacturer. Here are data regarding the current month: Sales revenue $250,000 Fixed administrative expenses $25,000 Variable administrative expenses $3,750 Fixed manufacturing overhead $55,000 Variable selling expenses $12,500 Total fixed costs are $95,000 and operating income is $41,000. Beginning inventory was zero and all the units that Acme produced during the current month were sold during the month. What is cost of goods sold?

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