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What are cost of goods manufactured and cost of goods sold

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Reference no: EM132902973

Consider the following for Guardian Manufacturing Company:

Change in finished goods inventory $345 increase

Change in work-in-process inventory $195 increase

Total manufacturing costs$705

Problem 1: What are the cost of goods manufactured and cost of goods sold?

         Cost of goods manufactured          Cost of goods sold

A.            $495                                           $365

B.            $510                                            $165

C.             $530                                            $275

D.                 $510                                            $360

Reference no: EM132902973

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