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The following information pertains to Worf Company: Cost of Goods Manufactured $378 Total Manufacturing Costs $425 Beginning Finished Goods Balance $1,017 Ending Finished Goods Balance $888 Beginning Work in Process Inventory $286 Ending Work in Process Inventory $333 Question: What is Worf Company's unadjusted Cost of Goods Sold?

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Answer:

Adjusted cost of goods sold          $

Beginning finished goods              1,017

Add: Cost of goods manufactured 378

                                                          1,395

Less: Ending finished goods            888

Unadjusted cost of goods sold        507

Explanation:

Unadjusted cost of goods sold is the sum of beginning finished goods and cost of goods manufactured minus ending finished goods.

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