Use the following information to calculate the cost of goods sold for the period:

Beginning Finished Goods Inventory	$	20,500
Ending Finished Goods Inventory		19,000
Cost of Goods Manufactured		127,800

• $127,800.

• $167,300.

• $126,300.

• $148,300.

• $129,300.

2.

Romeo Corporation reports the following for the year:

Finished goods inventory, January 1	$	2,800
Finished goods inventory, December 31		3,600
Total cost of goods sold		7,000

The cost of goods manufactured for the year is:

• $10,600.

• $9,800.

• $3,400.

• $7,800.