Dow Jones corporation provides the following information for 2020: Beginning work-in-process inventory $10,000 Ending work-in-process inventory $12,000
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Question:
Beginning work-in-process inventory $10,000
Ending work-in-process inventory $12,000
Beginning inventory of finished goods $18,000
Ending inventory of finished goods $26,000
Total manufacturing costs $157,000.
Calculate
(a) Cost of goods manufactured in 2020
(b) Cost of goods sold in 2020.
Related Book For
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
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