The Total Cost of Goods Sold Calculation
Calculating Total Cost of Goods Sold
Unit Product Cost: $24
Number of Blenders Produced: 900
Number of Blenders Sold: 849
Number of Blenders Unsold: 900 - 849 = 51
Total Cost of Goods Sold: $24 * 51 = $1224
To calculate the total cost of goods sold, we start by finding the number of blenders unsold, which is 51 in this case. By multiplying the unit product cost of $24 by the number of unsold blenders, we arrive at the total cost of goods sold, which is $1224.