Compute cost of goods sold for year 2011 using the following information. Finished goods inventory, Dec. 31,
Question:
Finished goods inventory, Dec. 31, 2010 . . . . . . . . . . . . $321,500
Goods in process inventory, Dec. 31, 2010 . . . . . . . . . 74,550
Goods in process inventory, Dec. 31, 2011 . . . . . . . . . 81,200
Cost of goods manufactured, year 2011 . . . . . . . . . . . 972,345
Finished goods inventory, Dec. 31, 2011 . . . . . . . . . . . . 297,200
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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