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The following was taken from Stickers Corp.'s accounting records for the year ended December 31, 2019.
Raw materials purchased 860,000.00
Direct Labor Payroll 400,000.00
Factory overhead applied 600,000.00
Increase in Raw materials inventory 30,000.00
Decrease in finished goods inventory 70,000.00
Problem 1: There was no work in process inventory at the beginning or end of 2019. How much is cost of goods available for sale?
Option 1: 2,000,000
Option 2: 1,900,000
Option 3: 1,500,000
Option 4: 9,000,000
denny corporation a manufacturing company produces a single product. the following information has been taken from the
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