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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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