Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 14 - Managerial Accounting - Self-Test Questions - Page 778: 9

Answer

C - 550,000

Work Step by Step

To find COGS, add the beginning inventory to COGM, then subtract the ending inventory. In this problem, COGS = 550,000. (200,000 + 600,000 - 250,000) = 550,000
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