Cost accounting

| January 27, 2015

5) The following information pertains to the Cannady Corporation:

Beginning work-in-process inventory 50,000

Ending work-in-process inventory 48,000

Beginning finished goods inventory 180,000

Ending finished goods inventory 195,000

Cost of goods manufactured 1,220,000

What is cost of goods sold?

A) $1,205,000 B) $1,222,000 C) $1,235,000 D) $1,218,000

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What factors underlie whether specialization in production will be partial or complete on an international basis?

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