The balance in Macedonia Companys finished goods inventory account was $650,000 at the beginning of January and

Question:

The balance in Macedonia Company’s finished goods inventory account was $650,000 at the beginning of January and $525,000 at the end of January. Cost of goods manufactured for the month totaled $445,000. 


Required:

Prepare a schedule of cost of goods sold for the month of January.

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Managerial Accounting

ISBN: 978-1453375716

2nd edition

Authors: Kurt Heisinger, Joe Ben Hoyle

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