Sage Ltd. had the following results for the month of March. Sales..........................................................$1,700,000 Opening finished goods inventory...........$130,000 Gross
Question:
Sage Ltd. had the following results for the month of March.
Sales..........................................................$1,700,000
Opening finished goods inventory...........$130,000
Gross margin 40% of sales
Ending finished goods inventory................$85,000
Required:
What was the cost of goods manufactured in March?
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Cost of goods sold Sales Gross margin 1700000 40 1...View the full answer
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