1. Business
  2. Accounting
  3. limbo rock corps finished goods inventory balance at the end...

Question: limbo rock corps finished goods inventory balance at the end...

Question details

Limbo Rock Corp.’s Finished Goods Inventory balance at the end of 2009 and 2010 was $1,000,000 and $800,000, respectively. During 2010, Limbo Rock incurred a total of $3,200,000 of manufacturing costs and transferred $2,500,000 from Work in Process Inventory to Finished Goods Inventory. What is Limbo Rock’s 2010 cost of goods sold?

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution