Ask Question
14 August, 02:30

Versaille company has cost of goods manufactured $325,000, beginning finished goods inventory $150,000, and ending finished goods inventory $175,000, for the year. What is the cost of goods sold?

+5
Answers (1)
  1. 14 August, 05:10
    0
    Calculation of Cost of Goods Sold for Versaille company:

    It is given that Versaille Company has the cost of goods manufactured $325,000, beginning finished goods inventory $150,000, and ending finished goods inventory $175,000. The Cost of Goods Sold can be calculated using the following formula;

    Cost of Goods Sold = Cost of goods manufactured + beginning finished goods inventory - ending finished goods inventory

    = 325,000+150,000-175,000

    = $300,000

    Hence, the cost of goods sold for Versaille company is $300,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Versaille company has cost of goods manufactured $325,000, beginning finished goods inventory $150,000, and ending finished goods inventory ...” 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