Refer to the data in BE613 for Smart-Tech Office Equipment Company. Prior to making the adjustment in

Question:

Refer to the data in BE6€“13 for Smart-Tech Office Equipment Company. Prior to making the adjustment in BE6€“13 part (b), Smart-Tech€™s cost of goods sold for 2014 was $418,500. What is the correct and cost of goods sold that should be reported in the for the year ended December 31, 2014?

Data From BE 6-13,

Inventory Categories Net Realizable Value Cost Computers Office Equipment Printers $24,000 $21,500 14,000 10,600

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =... Financial Statements
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