Question
Calculate the cost of goods sold for a company with the following information: Item Amount ($) Beginning Finished Goods Inventory $1,600,000 Ending Finished Goods Inventory
Calculate the cost of goods sold for a company with the following information:
Item | Amount ($) |
Beginning Finished Goods Inventory | $1,600,000 |
Ending Finished Goods Inventory | $1,620,000 |
Cost of Goods Manufactured | $8,000,000 |
Selling and Administrative Expenses | $3,000,000 |
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Survey of Accounting
Authors: Carl S. Warren
7th edition
1285974360, 1285183487, 9781285974361, 978-1285183480
