Question: brown company manufactures and sells pianos the following information is...
Brown Company manufactures and sells pianos. The following information is available for its single model piano, of which 0 were in inventory at the beginning of the period, 1,000 were manufactured completely. Of those manufactured during the period, 500 have been sold, and 500 remain in finished goods inventory. Selling price (per unit) - $6,000 Variable costs (per unit) - Materials - $2,000 - Labor - $1,000 - Selling - $500 Fixed Costs (total) - Manufacturing - $90,000 - Selling - $25,000 Given the information above what is the cost of goods sold for the period? $1,820,000 $1,590,000 $1,500,000 $1,545,000