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What was lequin cost of goods sold

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Question - The following inventory balances relate to Lequin Manufacturing Corporation at the beginning and end of the year:

Beginning Ending

Raw materials $ 14,000 $ 19,000

Work in proces $ 31,000 $ 7,000

Finished goods $ 25,000 $ 23,000

Lequin's total manufacturing cost was $543,000. What was Lequin's cost of goods sold?

a. $517,000

b. $545,000

c. $569,000

d. $567,000

Reference no: EM131822163

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