Tenneson Corporation's cost of goods manufactured for the just completed month was $151,000 and its inventories were as follows: How much was the cost of goods available for sale on the Schedule of Cost of Goods Sold?

A) $137,000
B) $185,000
C) $151,000
D) $136,000

Question

Tenneson Corporation's cost of goods manufactured for the just completed month was $151,000 and its inventories were as follows:

How much was the cost of goods available for sale on the Schedule of Cost of Goods Sold?

A) $137,000
B) $185,000
C) $151,000
D) $136,000

Patricia Nicole Rodriguez · Accepted Answer

Final Answer : B, Explanation :  The cost of goods available for sale can be calculated by adding the beginning inventory to the cost of goods manufactured. Since the question provides the cost of goods manufactured and the inventory information, we can easily calculate the cost of goods available for sale as follows:Cost of Goods Available for Sale = Beginning Inventory + Cost of Goods ManufacturedCost of Goods Available for Sale = $34,000 + $151,000Cost of Goods Available for Sale = $185,000Therefore, the correct answer is B.

Tenneson Corporation's cost of goods manufactured for the just completed month was $151,000 and its inventories were as follows: How much was the cost of goods available for sale on the Schedule of Cost of Goods Sold?

A) $137,000
B) $185,000
C) $151,000
D) $136,000

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Learning Objectives

Related questions

Tenneson Corporation's cost of goods manufactured for the just completed month was $151,000 and its inventories were as follows: How much was the cost of goods available for sale on the Schedule of Cost of Goods Sold?A) $137,000B) $185,000C) $151,000D) $136,000

Definitions

Learning Objectives

Learning Objectives

Related questions

Tenneson Corporation's cost of goods manufactured for the just completed month was $151,000 and its inventories were as follows: How much was the cost of goods available for sale on the Schedule of Cost of Goods Sold?

A) $137,000
B) $185,000
C) $151,000
D) $136,000