Question

The cost of goods manufactured schedule for Spanglish Industries is presented below with numbers omitted.
Required:
(a) Calculate the missing numbers.
(b) If 150,000units were produced during June, what is the cost of manufacturing per item?
(c) What is the Cost of Goods Sold during June? Spanglish uses the FIFO cost flow assumption.
(d) What is the ending balance in Finished Goods Inventory (in dollars and units) on June 30?


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  • CreatedMarch 27, 2015
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