Mustang Corporation reports the following for the month of April: Finished goods inventory, April 1 $ 33,400 Finished goods inventory, April 30 27,300 Total cost of goods manufactured 127,000 The cost of goods sold for April is:

Question

Mustang Corporation reports the following for the month of April: Finished goods inventory, April 1 $ 33,400 Finished goods inventory, April 30 27,300 Total cost of goods manufactured 127,000 The cost of goods sold for April is:

Accepted Answer

Answer:$133,100Explanation:Given that,Finished goods inventory, April 1 = $33,400Finished goods inventory, April 30 = $27,300Total cost of goods manufactured = $127,000Cost of goods sold:= Cost of goods manufactured + Beginning Finished goods inventory - Ending Finished goods inventory= $127,000 + $33,400 - $27,300= $133,100Therefore, the cost of goods sold for April is $133,100....

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Mustang Corporation reports the following for the month of April: Finished goods inventory, April 1 $ 33,400 Finished goods inventory, April 30 27,300 Total cost of goods manufactured 127,000 The cost of goods sold for April is:

Mustang Corporation reports the following for the month of April: Finished goods inventory, April 1 $ 33,400 Finished goods inventory, April 30 27,300 Total cost of goods manufactured 127,000 The cost of goods sold for April is: