What kay cost of goods sold is

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Reference no: EM132859831

The following was taken from Kay Co's accounting records for the year ended December 31:

Increase in raw materials inventory 15,000
Decrease in finished goods inventory 35,000
Raw materials purchased 430,000
Direct manufacturing labor payroll 200,000
Factory overhead 300,000
Freight out 45,000

Problem 1: There was no work in process inventory at the beginning or end of the year. Kay's cost of goods sold is

a. 950,000
b. 965,000
c. 975,000
d. 995,000

Reference no: EM132859831

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