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The following information was provided by Wilson Company for the year: Beginning FG Inventory $150,750 Ending FG Inventory 140,475 Sales 475,000 Gross Profit 150,000 The
The following information was provided by Wilson Company for the year:
Beginning FG Inventory | $150,750 |
Ending FG Inventory | 140,475 |
Sales | 475,000 |
Gross Profit | 150,000 |
The cost of goods manufactured for the year was (Hint: draw a T-acct):
Select one:
a. $335,275
b. $314,725
c. $325,000
d. $485,275
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