Question
A firm had beginning finished goods inventory of $20,000; its cost of goods manufactured was $75,000; its gross margin was $80,000; and its sales were
A firm had beginning finished goods inventory of $20,000; its cost of goods manufactured was $75,000; its gross margin was $80,000; and its sales were $140,000. The ending finished goods inventory was: a.$60,000 b.$40,000 c.$95,000 d.$35,000
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
