Brown company has the following information at the end of the current year: cost of goods manufactured $65,000 beginning finished goods inventory 3,000 ending finished goods inventory 6,000 manufacturing overhead 9,000 what is the amount of cost of goods sold?

Cost of goods sold: 71,000.00

Explanation:

Cost of goods sold (COGS) is the sum of the direct costs attributable to the production of the goods sold in a company.

Formula:

COGS = Beginning Inventory + Purchases during the period − Ending Inventory

Purchases during the period includes Cost of Goods Manufactured and Manufacturing Overhead

In this particular case:

COGS = 3,000.00 + 65,000.00 + 9,000.00 - 6,000.00 = 71,000.00

answer; the correct answer is (direct foreign investment);

being born in poverty would limit the people's chances, opportunities and benefits.

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- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.