Question
BTS Co. provided the following information for the current year: Increase in goods in process inventory $ 500,000 Increase in raw materials inventory 150,000 Decrease
BTS Co. provided the following information for the current year:
| Increase in goods in process inventory | $ 500,000 |
| Increase in raw materials inventory | 150,000 |
| Decrease in finished goods inventory | 350,000 |
| Raw materials purchased | 4,300,000 |
| Direct labor payroll | 2,000,000 |
| Factory overhead | 3,000,000 |
| Freight out | 450,000 |
What is the cost of goods sold for the current year?
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External Auditing And Quality Accounting Finance Sustainability Governance And Fraud Theory And Application
Authors: Iffet Kesimli
1st Edition
9811305250, 978-9811305252
