Prepare a cost of goods sold budget for MyLife Chronicles Inc. using the information in Practice Exercises

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Prepare a cost of goods sold budget for MyLife Chronicles Inc. using the information in Practice Exercises 22-3A and 22-4A. Assume the estimated inventories on January 1, 2016, for finished goods and work in process were $25,000 and $19,000, respectively. Also assume the desired inventories on December 31, 2016, for finished goods and work in process were $31,500 and $16,700, respectively. Factory overhead was budgeted at $197,100.
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Accounting

ISBN: 978-1285743615

26th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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