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assume the following: beginning finished goods inventory $ 10,000 ending finished goods inventory $ 14,000 cost of goods manufactured $ 52,000 overapplied overhead $ 2,200 what is the adjusted cost of goods sold?



Answer :

The adjusted cost of goods sold is $45800

What is cost of goods sold (COGS) ?

The direct costs at which the products are produced and later sold by business are regarded as its cost of goods sold (COGS). It does not include indirect expenses, such as those related to the sales force and distribution.. Cost of sales is a distinct name used for cost of goods sold."

COGS is a crucial accounting statement metric since it is used to compute a company's gross profit by deducting it from its revenues. Gross profit, a metric of profitability, assesses how effectively a business uses its labor and resources throughout the process of production. COGS is listed as a cost because it is an operating expense.

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