Solution-What was lequins cost of goods sold

What was lequins cost of goods sold

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Reference no: EM13341852

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?

Answer

	a.	$517,000
	b.	$545,000
	c.	$569,000
	d.	$567,000

Reference no: EM13341852

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What was lequins cost of goods sold

Reference no: EM13341852

Reference no: EM13341852

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