Problem:
Rink, Inc's income statement contained the following amounts :
- Sales Revenue : $277,000
- Selling and Adminstrative Expenses : $185,000
- Net Loss : $16,000
- Changes in Inventories during 2012 were as follows :
- Work In Process Inventory Decreased By : $7,000
- Finished Goods Inventory Increased By : $13,000
Required:
Question: Calculate Rink's cost of goods manufactured cost for 2012:
- $70,000
- $108,000
- $121,000
- $114,000
- None Of Above