Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials Inventory
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Question:
Using the information below, calculate the cost of goods manufactured for the period:
Beginning Raw Materials Inventory $30,000
Ending Raw Materials Inventory 21,600
Beginning Work in Process Inventory 60,000
Ending Work in Process Inventory 69,000
Beginning Finished Goods Inventory 87,500
Ending Finished Goods Inventory 72,000
Cost of Goods Sold for the period 545,000
Sales revenues for the period 1,259,000
Operating expenses for the period 237,000
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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