The Cost of Goods Sold for Michaels Manufacturing in the Current

Multiple Choice

The cost of goods sold for Michaels Manufacturing in the current year was $233,000. The January 1 finished goods inventory balance was $31,600, and the December 31 finished goods inventory balance was $24,200. Cost of goods manufactured during the period was

A) $233,000
B) $225,600
C) $288,800
D) $240,400