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Homework answers / question archive / PT Kelud has cash in the bank of IDR 300,000,000, restricted cash of IDR 80,000,000, and bank overdrafts in other bank accounts of IDR 40,000,000
m #1 of 3 During May, the cost of goods manufactured was $62,000. The beginning finished goods Inventory for the month was $25,000, and the ending finished goods inventory was $31,000. What was the cost of goods sold for May? a $118,000 b. $56,000 566,000 d. $31.000
Answer :
Cost of Goods Sold = Beginning finished Goods inventory + Cost of goods manufatured - Ending finished
Goods inventory
= $ 25,000 + $ 62,000 - $31,000
= $ 56,000 (Option b)
