Question
Calculate the cost of goods sold for a company with the following information: Item Amount ($) Beginning Finished Goods Inventory $3,000,000 Ending Finished Goods Inventory
Calculate the cost of goods sold for a company with the following information:
Item | Amount ($) |
Beginning Finished Goods Inventory | $3,000,000 |
Ending Finished Goods Inventory | $3,020,000 |
Cost of Goods Manufactured | $15,000,000 |
Selling and Administrative Expenses | $5,200,000 |
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Financial Statement Analysis and Security Valuation
Authors: Stephen Penman
5th edition
78025311, 978-0078025310
