Problemrink incs income statement contained the following, Ask an Expert

Accounting

Problem:

Rink, Inc's income statement contained the following amounts :

Sales Revenue : $277,000
Selling and Adminstrative Expenses : $185,000
Net Loss : $16,000
Changes in Inventories during 2012 were as follows :
Work In Process Inventory Decreased By : $7,000
Finished Goods Inventory Increased By : $13,000

Required:

Question: Calculate Rink's cost of goods manufactured cost for 2012:

$70,000
$108,000
$121,000
$114,000
None Of Above

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164126

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