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Compute the company cost of goods sold

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Reference no: EM132556950

VeriCo's accounting records reflect the following inventories:

                                                     Dec. 31, 2019                           Dec. 31, 2018

Raw materials inventory                 $315,000                            $260,000

Work in process inventory                300,000                              160,000

Finished goods inventory                      190,000                          150,000

Question 1: If VeriCo's cost of goods manufactured for 2019 amounted to $1,890,000, please determine the company's cost of goods sold for the 2019.

Reference no: EM132556950

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