Multiple Choice
Kutlow Inc. had cost of goods sold of $112,000 for the year ended December 31, 2011. The finished goods inventory on January 1, 2011 was $28,000 and the finished goods inventory on December 31, 2011 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
Correct Answer:
Verified
Correct Answer:
Verified
Q37: Select the appropriate classification for each of
Q40: Match the costs that follow to the
Q98: Marketing costs would be classified as period
Q160: The Bayou Company makes crab pots. During
Q162: Stone Company, maker of computers, incurred the
Q163: Lakeland Inc. manufactured 5,000 units during the
Q164: Select the appropriate definition for each of
Q168: Figure 2-1.Concam Inc. manufactures television sets. Last
Q170: Figure 2-3.Bartlow, Inc. had the following income
Q203: Period costs are all costs that are