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cost of good sold tim makes bicycles. during the year, tim manufactured 75,000 bicycles. finishes good inventory had the following units. Jan 1. 8,350 Dec

cost of good sold

tim makes bicycles. during the year, tim manufactured 75,000 bicycles. finishes good inventory had the following units.

Jan 1. 8,350 Dec 31. 8,770

Required: 1. how many bicyles did tim sell during the year? ___________ units

2. if each bicycle had a product cost of $1,000, what was the cost of goods sold last year? ___________ $

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