Waters, Inc. reported the following data regarding costs and inventories for the current year: beginning finished goods inventory, $5,000; cost of goods manufactured, $21,500; ending finished goods inventory, $4,000. Cost of goods sold for Waters, Inc. equals ________.
What will be an ideal response?
$22,500
Explanation: Beginning Finished Goods Inventory + Cost of Goods Manufactured — Ending
Finished Goods Inventory; $5,000 + $21,500 — $4,000
You might also like to view...
Most of your research will be comprised of print and electronic sources
Indicate whether this statement is true or false.
Which internally generated document should be compared to the supplier's invoice to verify the quantity being billed for?
Give an example of how the Internet is changing the face of service industries
What will be an ideal response?
When the objective is to obtain maximum product exposure throughout the channel, a(n) ________ strategy is designed to saturate every possible intermediary.
A. partnership relationship management B. exclusive distribution C. intensive distribution D. materials requirement planning E. selective distribution