Poolside Manufacturing provided the following information for the month ended March 31
Sales Revenue $22,000
Beginning Finished Goods Inventory 17,000
Ending Finished Goods Inventory 11,500
Cost of Goods Manufactured 16,600
Compute cost of goods sold.
A) $16,600
B) $11,100
C) $22,100
D) $28,100
C .C)
Poolside Manufacturing
Income Statement
Month Ended March 31, 20XX
Revenues:
Sales Revenue $22,000
Cost of Goods Sold
Beginning Finished Goods Inventory $17,000
Cost of Goods Manufactured 16,600
Cost of Goods Available for Sale 33,600
Ending Finished Goods Inventory (11,500 )
Cost of Goods Sold 22,100
Gross Profit $(100 )
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