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20 June, 19:40

The following information pertains to Worf Company: Cost of Goods Manufactured $378 Total Manufacturing Costs $425 Beginning Finished Goods Balance $1,017 Ending Finished Goods Balance $888 Beginning Work in Process Inventory $286 Ending Work in Process Inventory $333 Question: What is Worf Company's unadjusted Cost of Goods Sold?

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  1. 20 June, 21:14
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    Adjusted cost of goods sold $

    Beginning finished goods 1,017

    Add: Cost of goods manufactured 378

    1,395

    Less: Ending finished goods 888

    Unadjusted cost of goods sold 507

    Explanation:

    Unadjusted cost of goods sold is the sum of beginning finished goods and cost of goods manufactured minus ending finished goods.
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