Calculate the cost of goods sold when beginning finished goods inventory equals $87,000, ending finished goods inventory $75,000, and cost of goods manufactured $640,000.

A) $652,000
B) $482,000
C) $727,000
D) $628,000

Cost Of Goods Sold

In a perpetual inventory system, an account that records the cost of merchandise inventory used to make the sale. Also, it is the total cost of the goods which were sold to customers.

Finished Goods Inventory

Products that are completed and ready for sale but still remain in the company's inventory.

Cost Of Goods Manufactured

The total cost incurred to produce goods within a specific period, including materials, labor, and overhead.