Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information...
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Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured Selling expenses Administrative expenses Sales Finished goods inventory, January 1 Finished goods inventory, January 31 $287,510 96,040 50,770 611,720 69,120 63,010 a. For the month ended January 31, determine Bandera Manufacturing's cost of goods sold. Bandera Manufacturing Company Cost of Goods Sold January 31 Costs Type Finished goods inventory, January 1 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, January 31 Cost of goods sold S Amount 69,120 287,510 69,120 X 63,010 $ 293,620 Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured Selling expenses Administrative expenses Sales Finished goods inventory, January 1 Finished goods inventory, January 31 $287,510 96,040 50,770 611,720 69,120 63,010 a. For the month ended January 31, determine Bandera Manufacturing's cost of goods sold. Bandera Manufacturing Company Cost of Goods Sold January 31 Costs Type Finished goods inventory, January 1 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, January 31 Cost of goods sold S Amount 69,120 287,510 69,120 X 63,010 $ 293,620
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Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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