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What is cost of goods sold

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Reference no: EM131767522

What inventory account(s) appear on the balance sheet of a merchandising company?

merchandise inventory
merchandise inventory, work in process
work in process, finished goods
raw materials, work in process, finished goods

Beg. of Year End of Year

Raw Materials Inventory $26000 $31557
Work in process inventory $35000 $32110
Finished goods inventory $14000 $28425
Purchases of DM $73000
Direct Labor $41711
Indirect Labor $40000
Insurance on plant $10000
Depreciation - plant building and equipment $12900
Repairs and maintenance - plant $4996
Marketing expenses $76000
General & administrative expenses $27852

What is Cost of Goods Sold? (Be careful as values change with each attempt) (Input your answers without dollar signs or commas)

Reference no: EM131767522

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