Question
Select the relevant information from the following, and calculate the cost of goods available for sale: Inventories Opening Closing Materials $100 $120 Work in process
Select the relevant information from the following, and calculate the cost of goods available for sale:
| Inventories | Opening | Closing |
|---|---|---|
| Materials | $100 | $120 |
| Work in process | $60 | $30 |
| Finished goods | $500 | $600 |
Total manufacturing costs were $5 390.
Cost of goods available for sale is:
$5 300
$5 920
$5 320
$5 900
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Management Accounting
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
7th Edition
978-1760421144, 1760421146
