Manufacturing Costs in Financial Statements: Balance Sheet and Income Statement $-$ Knowledge Check

Knowledge Check

Warner Co$.$ is a manufacturer of wagons. How much will the company report as cost of goods sold on the income statement?

Cost of goods purchased

$$14,500$

Ending finished goods inventory

$2,600$

Beginning finished goods inventory

$2,300$

Cost of goods manufactured

$16,900$

Cost of goods sold

$