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1-Calculate the cost of goods sold knowing that the beginning inventory was $ 150000-ending inventory was 30000, purchases during the process $18000- supplies for $
1-Calculate the cost of goods sold knowing that the beginning inventory was $ 150000-ending inventory was 30000, purchases during the process $18000- supplies for $ 10000-labor cost $21000 (25 MARKS) 2-WHAT ARE THE TYPES OF INVENTORY? GIVE EXAMPLES OF YOUR OWN AND WHY DO WE CONSIDER THE INVENTORY COSTS ? ( 25 MARKS) 3 3-Calculate the cost of goods manufactured from the following data: Direct materials used $190000- direct manufacturing labor $85000- beginning work in process manufacture $21000-$26000 ending work in process ( 25 MARKS) 3/4 4-Calculate the operating income from the following data : Sales revenue $350000-beginning inventory $41000-ending inventory$38000-cost of goods manufactured $ 46000, marketing expenses $33000- 25 MARKS)
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