Question
During April, the Meade Enterprises had the following operating results: Sales revenue $ 1,560,000 Gross margin $ 630,000 Ending work-in-process inventory $ 53,000 Beginning work-in-process
During April, the Meade Enterprises had the following operating results:
| Sales revenue | $ | 1,560,000 | |
| Gross margin | $ | 630,000 | |
| Ending work-in-process inventory | $ | 53,000 | |
| Beginning work-in-process inventory | $ | 86,000 | |
| Ending finished goods inventory | $ | 103,000 | |
| Beginning finished goods inventory | $ | 131,000 | |
| Marketing costs | $ | 256,000 | |
| Administrative costs | $ | 156,000 | |
What is the cost of goods manufactured for April?
A. $930,000
B. $902,000
C. $958,000
D. $935,000
PLEASE SHOW WORK AND ROVIDE CORRECT ANSWER CHOICE.
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The Audit Process Principles Practice And Cases
Authors: Iain Gray, Louise Crawford, Stuart Manson
7th Edition
1473760186, 9781473760189
