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    BriteClark's Avatar
    BriteClark Posts: 1, Reputation: 1
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    #1

    Jun 25, 2012, 09:02 AM
    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?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jun 25, 2012, 06:12 PM
    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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