Coronado Manufacturing Inc.'s accounting records reflect the following inventories: Raw materials inventory Work in process inventory...

  

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Coronado Manufacturing Inc.'s accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31. 2021 $99300 129900 124200 Dec. 31, 2022 $79400 145500 115800 During 2022, Coronado purchased $949200 of raw materials, incurred direct labour costs of $124800, and incurred manufacturing overhead totalling $160000. Coronado Manufacturing's cost of goods manufactured for 2022 amounted to $1238300. How much would it report as cost of goods sold for the year? Coronado Manufacturing Inc.'s accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31. 2021 $99300 129900 124200 Dec. 31, 2022 $79400 145500 115800 During 2022, Coronado purchased $949200 of raw materials, incurred direct labour costs of $124800, and incurred manufacturing overhead totalling $160000. Coronado Manufacturing's cost of goods manufactured for 2022 amounted to $1238300. How much would it report as cost of goods sold for the year?

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To analyze Coronado Manufacturing Incs inventory changes over the given period we can calculate the ... View the full answer