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Author Question: All Rite Manufacturing reported the following: Revenue$460,000Beginning inventory of direct ... (Read 55 times)

fbq8i

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All Rite Manufacturing reported the following:

Revenue$460,000
Beginning inventory of direct materials, January 1, 201526,000
Purchases of direct materials156,000
Ending inventory of direct materials, December 31, 201514,000
Direct manufacturing labor30,000
Indirect manufacturing costs41,000
Beginning inventory of finished goods, January 1, 201546,000
Cost of goods manufactured239,000
Ending inventory of finished goods, December 31, 201545,000
Operating costs150,000
What is Leslie's cost of goods sold?
◦ $390,000
◦ $240,000
◦ $239,000
◦ $389,000


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Marked as best answer by fbq8i on Mar 6, 2021

tennis14576

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fbq8i

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)


bigcheese9

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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