Sage Ltd. had the following results for the month of March. Sales..........................................................$1,700,000 Opening finished goods inventory...........$130,000 Gross

Question:

Sage Ltd. had the following results for the month of March.

Sales..........................................................$1,700,000
Opening finished goods inventory...........$130,000
Gross margin 40% of sales
Ending finished goods inventory................$85,000

Required:

What was the cost of goods manufactured in March?

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Cost of goods sold Sales Gross margin 1700000 40 1...View the full answer

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Question Posted: Oct 11, 2019 01:15 PM

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Sage Ltd. had the following results for the month of March. Sales..........................................................$1,700,000 Opening finished goods inventory...........$130,000 Gross

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Cost of goods sold Sales Gross margin 1700000 40 1...View the full answer

Introduction to Managerial Accounting

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