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Answer the Following Questions Using the Information Below -What Is Cost of Goods Manufactured for 2018?
A)$257 000

Question 115

Multiple Choice

Answer the following questions using the information below:
 Beginning finished goods, 1/1/2018$40,000 Ending finished goods, 12/31/201833,000 Cost of goods sold 250000 Sales revenue 600,000 Operating expenses 120,000\begin{array}{|lr|}\hline \text { Beginning finished goods, } 1 / 1 / 2018 & \$ 40,000 \\\hline \text { Ending finished goods, } 12 / 31 / 2018 & 33,000 \\\hline \text { Cost of goods sold } & 250000 \\\hline \text { Sales revenue } & 600,000 \\\hline \text { Operating expenses } & 120,000 \\\hline\end{array}
-What is cost of goods manufactured for 2018?


A) $257 000
B) $250 000
C) $243 000
D) $350 000

Correct Answer:

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