Calculate the cost of goods sold. (Obj. 7). From the data presented below, determine the cost of
Question:
Calculate the cost of goods sold. (Obj. 7). From the data presented below, determine the cost of goods sold to be shown on the income statement of the Langley Corporation for the month of September 19X9.
Finished Goods, September 1, 19X9 $ 52,720 -j,^
Finished Goods, September 30, 19X9 59,240 Cost of Goods Manufactured 182,960 Loss on Reduction of Inventory to Market 3,270
LO.1
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Related Book For 
Cost Accounting Principles And Applications
ISBN: 9780028034287
6th Edition
Authors: Horace R. Brock, Linda Herrington
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