Use the following information to calculate the cost of goods sold for the period: Beginning inventory of
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Question:
Use the following information to calculate the cost of goods sold for the period:
Beginning inventory of finished goods | ps | 20.500 | |
Ending inventory of finished goods | 19,000 | ||
cost of manufactured goods | 127,800 | ||
2.
Romeo Corporation reports the following for the year:
Finished Goods Inventory, January 1 | ps | 2,800 |
Finished Goods Inventory, December 31 | 3,600 | |
Total cost of goods sold | 7,000 | |
The cost of goods manufactured for the year is?
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Managerial Accounting A Focus on Ethical Decision Making
ISBN: 978-0324663853
5th edition
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
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