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


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
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.