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Based on the following, calculate Cost of Goods Sold. (You must show and label your work for credit.) Sales Expense $6,000 Cost of Goods Manufactured
Based on the following, calculate Cost of Goods Sold. (You must show and label your work for credit.)
| Sales Expense | $6,000 |
| Cost of Goods Manufactured | $20,000 |
| Finished Goods Inventory, 1/1/2020 | $12,000 |
| Finished Goods Inventory, 12/31/2020 | $14,000 |
| Work-in-Process Inventory, 1/1/2020 | $17,000 |
| Work-in-Process Inventory, 12/31/2020 | $20,000
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Accounting Essentials For Hospitality Managers
Authors: Chris Guilding, Kate Mingjie Ji
4th Edition
1032024321, 9781032024325
