Kutlow, Inc had cost of goods sold of $112,000 for the year ended December 31, 20x8. The Finished Goods Inventory on January 1, 20x8 was $28,000 and the Finished Goods Inventory on December 31, 20x8 was $17,000. What was the amount of Cost of Goods Manufactured for the year?
A) $129,000
B) $101,000
C) $67,000
D) $113,000
B
You might also like to view...
A co-branding strategy was being utilized when the Taco Bell Chihuahua showed up in a commercial for Geico insurance
Indicate whether the statement is true or false
A business corporation files the articles of incorporation with which government agency?
a. Occupational Safety and Health Agency (OSHA) b. Securities and Exchange Commission (SEC) c. Internal Revenue Service (IRS) d. State secretary of state
List and briefly describe the seven key characteristics that must be present for a contract to be enforceable
Fountain Corp. has a selling price of $15 per unit and variable costs of $10 per unit. When 14,000 units are sold, profits equaled $45,000. What is the margin of safety?
A. $135,000 B. $105,000 C. $210,000 D. $75,000