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Jamison Supplies Has a Cost of Goods Manufactured for the Year

Question 115

Multiple Choice

Jamison Supplies has a cost of goods manufactured for the year of $860,000.Beginning work-in- process inventory was $50,000 and ending work-in-process was $60,000.If Jamison's beginning finished goods inventory was $500,000 and the ending finished goods inventory was $990,000, what was the company's cost of goods sold for the year?


A) $360,000.
B) $370,000.
C) $490,000.
D) $1,350,000.
E) None of the answers is correct.

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