Question
During September, the Baskins Manufacturing Co. had the following operating results: Sales revenue $1,400,000 Gross margin 600,000 Ending WIP Inventory 50,000 Beginning WIP Inventory 80,000
During September, the Baskins Manufacturing Co. had the following operating results:
| Sales revenue | $1,400,000 |
| Gross margin | 600,000 |
| Ending WIP Inventory | 50,000 |
| Beginning WIP Inventory | 80,000 |
| Ending FG Inventory | 75,000 |
| Beginning FG Inventory | 125,000 |
| Marketing costs | 250,000 |
| Administrative costs | 150,000 |
What is the cost of good manufactured?
A. $850,000
B. $750,000
C. $550,000
D. $650,000
E. None of the above.
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Auditing CPA Exam Review
Authors: Becker
1st Edition
1943628696, 978-1943628698
