Ask Question
24 February, 09:00

Harrison Industries began July with a finished-goods inventory of $48,000. The finished-goods inventory at the end of July was $56,000 and the cost of goods sold during the month was S125,000. The cost of goods manufactured during July was: A) $125,000. B) $104,000. C) $117,000. D) $133,000. E) None of the answers is correct

+1
Answers (1)
  1. 24 February, 09:34
    0
    Option (D) is correct.

    Explanation:

    Given that,

    Began July with a finished-goods inventory = $48,000

    Finished-goods inventory at the end of July = $56,000

    Cost of goods sold during the month = $125,000

    Cost of goods manufactured during July:

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

    = $56,000 + $125,000 - $48,000

    = $133,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Harrison Industries began July with a finished-goods inventory of $48,000. The finished-goods inventory at the end of July was $56,000 and ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers