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Assume the Following Information for Knight Corporation for the Year

Question 135

Multiple Choice

Assume the following information for Knight Corporation for the year ended December 31: Sales $2,250 Cost of goods manufactured for the year 1,350 Beginning finished goods inventory 450Ending finished goods inventory 495Selling and administrative expenses 300\begin{array}{lr} \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?


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

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