Calculate the cost of goods sold when beginning finished goods inventory equals $70,000, ending finished goods inventory is $85,000, and cost of goods manufactured is $600,000.

a. $615,000

b. $445,000

c. $685,000

d. $585,000

Cost of goods sold can be calculated by adding the cost of goods manufactuted and the beginning inventory less the ending inventory. Thus, we will use the formula

Cost of goods sold = cost manufactured + beginning inventory-endong inventory

Substitute the values, we will get

Cost of goods sold = $600000+$70000-$85000

=$585,000

The Cost of goods sold is d.$585,000