During the year ended December 31, 2021, Mixon Company reported beginning inventory of $600 and ending inventory

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During the year ended December 31, 2021, Mixon Company reported beginning inventory of $600 and ending inventory of $800. The company made inventory purchases of $1,300 during the year and reported sales revenue of $1,400.

What was cost of goods sold for the year?

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Managerial Accounting

ISBN: 978-0618777181

8th Edition

Authors: Susan V. Crosson, Belverd E. Needles

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Posted Date: May 17, 2023 08:06 AM

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During the year ended December 31, 2021, Mixon Company reported beginning inventory of $600 and ending inventory

Question:

Expert Answer:

To calculate the cost of goods sold COGS for the year we need to subtract the ending ... View the full answer

Managerial Accounting

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