Mustang Corporation reports the following for the month of April: Finished goods inventory, April 1$30,600? Finished goods inventory, April 30 25,000? Total cost of goods manufactured 116,400? The cost of goods sold for April is:
A. $122,000.
B. $60,800.
C. $171,200.
D. $147,000.
E. $110,800.
Answer: A
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A. $51,000 B. $30,600,000 C. $188,235 D. $26,666,667
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Answer the following statement true (T) or false (F)
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