Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods is...

 

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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 ifthe beginning inventory of finished goods decreased by $5,000? What would be the effect on the cost of goods sold? 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 ifthe beginning inventory of finished goods decreased by $5,000? What would be the effect on the cost of goods sold?