Herren, Inc. reported the following data regarding costs and inventories for the current year:

Herren, Inc. reported the following data regarding costs and inventories for the current year: beginning goods-in-process inventory, $4,000; beginning finished goods inventory, $2,000; cost of goods manufactured, $11,500; operating expenses, $3,000; ending finished goods inventory, $1,000; ending goods-in-process inventory, $1,500. Cost of goods sold for Herren, Inc. equals

Herren, Inc. reported the following data regarding costs and inventories for the current year: beginning goods­in­process inventory, $4,000; beginning finished goods inventory, $2,000; cost of...