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3 February, 18:14

The following information pertains to the Frameworks Corporation for May. Calculate the cost of goods sold for the period:Beginning Finished Goods Inventory $19,500Ending Finished Goods Inventory$18,000Cost of Goods Manufactured $126,800A. $126,800. B. $125,300. C. $146,300. D. $128,300. E. $164,300.

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  1. 3 February, 18:37
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    The correct answer is D.

    Explanation:

    Giving the following information:

    Beginning Finished Goods Inventory $19,500

    Ending Finished Goods Inventory$18,000

    Cost of Goods Manufactured $126,800

    To calculate the cost of goods sold we need to use the following formula:

    COGS = beginning finished inventory + cost of goods manufactured - ending finished inventory

    COGS = 19,500 + 126,800 - 18,000 = $128,300
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Home » Business » The following information pertains to the Frameworks Corporation for May. Calculate the cost of goods sold for the period:Beginning Finished Goods Inventory $19,500Ending Finished Goods Inventory$18,000Cost of Goods Manufactured $126,800A. $126,800.
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