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Selected financial information for Greek Food Producers is presented in the following table (000s omitted). Beginning raw materials inventory $450 Ending raw materials inventory $190
Selected financial information for Greek Food Producers is presented in the following table (000s omitted). Beginning raw materials inventory $450 Ending raw materials inventory $190 Direct labor $280 Operating expenses $670 Purchases of direct materials $500 Beginning work in process inventory $380 Ending work in process inventory $690 Sales revenue $5,200 Manufacturing overhead $800 Beginning finished goods inventory $250 Ending finished goods inventory $330 What was cost of goods sold? A. $1,500 B. $1,450 C. $1,180 D. $800
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