The following information concerning inventories for Seabring Company is available: Beginning work-in-process inventory = $54,000 Ending work-in-process
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Question:
The following information concerning inventories for Seabring Company is available:
- Beginning work-in-process inventory = $54,000
- Ending work-in-process inventory = $70,000
- Beginning finished goods inventory = $184,000
- Ending finished goods inventory = $160,000
If cost of goods manufactured totaled $650,000 during the period, what was the cost of goods sold?
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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