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Business, 26.02.2021 01:00 artiomtyler007

Quaid Company's accounting records reflect the following inventories: Dec. 31, 2019 Dec. 31, 2018 Raw materials inventory $20,000 $30,000 Work in process inventory 30,000 40,000 Finished goods inventory 50,000 60,000 During 2019, $80,000 of raw materials were purchased, direct labor costs amounted to $40,000, and manufacturing overhead incurred was $20,000. If Quaid Company's cost of goods manufactured for 2019 amounted to $90,000, its cost of goods sold for the year is

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