Question
Frederick Company's January 1, 2018 finished goods inventory was $91,000. The January 1, 2019 finished goods inventory is $102,000. Cost of goods manufactured for the
Frederick Company's January 1, 2018 finished goods inventory was $91,000. The January 1, 2019 finished goods inventory is $102,000. Cost of goods manufactured for the FY 2018 was $350,000. Use this information to determine the dollar amount of the FY 2018 cost of goods sold. (Round dollar values & enter as whole dollars only.)
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Integrated Audit Practice Case
Authors: David S. Kerr, Randal J. Elder, Alvin A. Arens
5th Edition
0912503351, 9780912503356
