Compute cost of goods sold for year 2013 using the following information. Finished goods inventory, Dec. 31,

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Compute cost of goods sold for year 2013 using the following information.

Finished goods inventory, Dec. 31, 2012 . . . . . . . . . . . . $ 345,000

Goods in process inventory, Dec. 31, 2012 . . . . . . . . . . 83,500

Goods in process inventory, Dec. 31, 2013 . . . . . . . . . . 72,300

Cost of goods manufactured, year 2013 . . . . . . . . . . . . 918,700

Finished goods inventory, Dec. 31, 2013 . . . . . . . . . . . 283,600

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Nov 26, 2013 10:28 AM

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Compute cost of goods sold for year 2013 using the following information. Finished goods inventory, Dec. 31,

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Fundamental accounting principle

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