Question

Refer to Cornerstone Exercise 2.2. Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods is $42,500, and ending inventory of finished goods is expected to be $34,000.
Required:
1. Prepare a statement of cost of goods sold in good form.
2. What if the beginning inventory of finished goods decreased by $5,000? What would be the effect on the cost of goods sold?


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  • CreatedSeptember 01, 2015
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