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8 March, 03:18

Bramble Corp. reported the following year-end information: beginning work in process inventory, $270000; cost of goods manufactured, $866000; beginning finished goods inventory, $332000; ending work in process inventory, $310000; and ending finished goods inventory, $354000. Bramble Corp.'s cost of goods sold for the year is

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  1. 8 March, 06:25
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    Answer: $844,000

    Explanation:

    Given that,

    Beginning work in process inventory = $270,000

    Cost of goods manufactured = $866,000

    Beginning finished goods inventory = $332,000

    Ending work in process inventory = $310,000

    Ending finished goods inventory = $354,000

    Cost of goods sold = Beginning finished goods inventory + Cost of goods manufactured - Ending finished goods inventory

    Cost of goods sold = $332,000 + $866,000 - $354,000

    = $844,000

    ∴ Cost of goods sold = $844,000
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Home » Business » Bramble Corp. reported the following year-end information: beginning work in process inventory, $270000; cost of goods manufactured, $866000; beginning finished goods inventory, $332000; ending work in process inventory, $310000;
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