What was the cost of goods sold for seabring company

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Reference no: EM132796508

The following information concerning inventories for Seabring Company is available:

Beginning work-in-process inventory = $54,000
Ending work-in-process inventory = $70,000
Beginning finished goods inventory = $184,000
Ending finished goods inventory = $160,000

Problem 1: If cost of goods manufactured totaled $650,000 during the period, what was the cost of goods sold?

Option 1: $626,000

Option 2: $634,000

Option 3: $650,000

Option 4: $834,000

Option 5: None of these choices is correct.

Reference no: EM132796508

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