Answer:
COGS= $124,500
Explanation:
Giving the following information:
Finished goods inventory, April 1 $ 31,300
Finished goods inventory, April 30 25,500
Total cost of goods manufactured 118,700
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 31,300 + 1$118,700 - 25,500
COGS= $124,500
