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-   -   Figuring cost of good manufactured (https://www.askmehelpdesk.com/showthread.php?t=675002)

  • Jun 25, 2012, 09:02 AM
    BriteClark
    Figuring cost of good manufactured
    Beginning Finished Goods Inventory = $150,750
    Ending Finished Goods Inventory = $140,475
    Sales = $475,000
    Gross Margin = $150,000

    How do you figure Cost of Good Manufactured using this information?
  • Jun 25, 2012, 06:12 PM
    paraclete
    Quote:
    Originally Posted by BriteClark View Post
    Begining Finished Goods Inventory = $150,750
    Ending Finished Goods Inventory = $140,475
    Sales = $475,000
    Gross Margin = $150,000

    How do you figure Cost of Good Manufactured using this information?
    FG (b) + manufacturing cost - cost of sales = FG (c)

    Sales - Margin = cost of sales

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