Ex. 16–15 (FIN MAN); Ex. 1–15 (MAN) a. b. Finished goods inventory, March 1, $ 163,800 2016……………………………………… Cost of goods 1,328,760 manufactured……………………………………………………… Cost of finished goods available for $1,492,560 sale……………………………………… Less finished goods inventory, March 31, 189,000 2016……………………………… Cost of goods $1,303,560 sold…………………………………………………………………
Ex. 16–15 (FIN MAN); Ex. 1–15 (MAN) a. b. Finished goods inventory, March 1, 2016……………………………………… $ 163,800 Cost of goods manufactured……………………………………………………… 1,328,760 Cost of finished goods available for sale……………………………………… $1,492,560 Less finished goods inventory, March 31, 2016……………………………… 189,000 Cost of goods sold………………………………………………………………… $1,303,560
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