Asked by Jenna Hallett on Jun 10, 2024
Verified
Bocchini Corporation has provided the following data concerning last month's operations. 
How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold?
A) $165,000
B) $163,000
C) $169,000
D) $202,000
Schedule Of Cost Of Goods Sold
A schedule that contains three elements of product costs—direct materials, direct labor, and manufacturing overhead—and that summarizes the portions of those costs that remain in ending Finished Goods inventory and that are transferred out of Finished Goods into Cost of Goods Sold.
- Interpret the Schedule of Cost of Goods Manufactured and Cost of Goods Sold.
Verified Answer
JD
Julio DuenasJun 12, 2024
Final Answer :
A
Explanation :
The unadjusted cost of goods sold can be calculated by adding beginning inventory and purchases, and then subtracting ending inventory.
Beginning inventory = $25,000
Purchases = $150,000
Ending inventory = $10,000
Unadjusted cost of goods sold = $25,000 + $150,000 - $10,000
Unadjusted cost of goods sold = $165,000
Therefore, the correct answer is A) $165,000.
Beginning inventory = $25,000
Purchases = $150,000
Ending inventory = $10,000
Unadjusted cost of goods sold = $25,000 + $150,000 - $10,000
Unadjusted cost of goods sold = $165,000
Therefore, the correct answer is A) $165,000.
Learning Objectives
- Interpret the Schedule of Cost of Goods Manufactured and Cost of Goods Sold.
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