Solved

Assume the Following Information for the Blue Knights Corporation for the Year

Question 1

Multiple Choice

Assume the following information for the Blue Knights Corporation for the year ended December 31, 2018:  Sales $2,250 Cost of goods manufactured for the year 1,350 Beginning finished goods inventory 450 Ending finished goods inventory 495 Selling and administrative expenses 300\begin{array} { l r } \text { Sales } & \$ 2,250 \\\text { Cost of goods manufactured for the year } & 1,350 \\\text { Beginning finished goods inventory } & 450 \\\text { Ending finished goods inventory } & 495 \\\text { Selling and administrative expenses } & 300\end{array}
What is the cost of goods sold for the year ended December 31, 2018?


A) $1,305
B) $1,605
C) $1,350
D) $1,650

Correct Answer:

verifed

Verified

Related Questions