Juliet Corporation has accumulated the following accounting data for the Finished goods inventory, January 1 $3,200 Finished goods Inventory, December 31 4,000 Total cost of goods sold 4,200 rear: [he cost of goods manufactured for the year is: A

Accounting May 21, 2021

Juliet Corporation has accumulated the following accounting data for the Finished goods inventory, January 1 $3,200 Finished goods Inventory, December 31 4,000 Total cost of goods sold 4,200
rear: [he cost of goods manufactured for the year is: A. $200. B.$1,000. C.$5,000. D.$6,400. E.$8,200.

Expert Solution

Answer

C .

Explanation

Computation of Cost of Goods Manufactured:

Cost of Goods Manufactured = Ending Inventory + Cost of Goods Sold - Beginning Inventory

= 4,000 + 4,200 - 3,200

= $5,000

So, the correct option is C "$5,000".

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