The following inventory balances relate to Lequin Manufacturing Corporation at the beginning and end of the year: Beginning Ending Raw materials $14,000 $19,000 Work in process $31,000 $7,000 Finished goods $25,000 $23,000 Lequin's total manufacturing cost was $543,000. What was Lequin's cost of goods sold?

Cost of goods sold  = $564,000

Explanation:

The cost of goods sold would be determined as follows:

                                                                                 $

Opening inventory

Raw material =                                                   14,000

Work in progress                                                 31,000

Manufacturing cost                                            543,000

                                                                            588,000

Add open inventory of Finished goods              25,000

Less Closing inventory

raw material                                                          ( 19,000)

Work in progress                                                 ( 7,000)

Total cost of goods available for sale               587,000

Less closing inventory of finished goods           23,000      

Cost of goods sold                                              564,000

Note that the opening inventory of raw material  and work in progress would increase the manufacturing cost while their respective closing inventory represent cost incurred on production during the period on inventories not yet completed

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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answer; burned it;