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Selected financial information for Greek Food Producers is presented in the following table (000s omitted). Beginning raw materials inventory $490 Ending raw materials inventory $240
Selected financial information for Greek Food Producers is presented in the following table (000s omitted).
Beginning raw materials inventory | $490 |
Ending raw materials inventory | $240 |
Direct labor | $290 |
Operating expenses | $650 |
Purchases of direct materials | $480 |
Beginning work in process inventory | $330 |
Ending work in process inventory | $660 |
Sales revenue | $5,200 |
Manufacturing overhead | $ 780$780 |
Beginning finished goods inventory | $ 350$350 |
Ending finished goods inventory | $ 340$340 |
what was the cost of goods sold?
a. 1480
b. 780
c. 1110
d. 1510
What was cost of goods sold?
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