Question
Lance Ltd manufactures raincoats. Lance Ltd's accounting records show: $600 000 Cost of goods manufactured for month of January 2014 $200 000 Finished goods inventory
Lance Ltd manufactures raincoats. Lance Ltd's accounting records show:
$600 000 Cost of goods manufactured for month of January 2014
$200 000 Finished goods inventory at 1 January 2014
$50 000 Finished goods inventory at 31 January 2014
The cost of goods sold for the month of January 2014 is
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Core Concepts Of Accounting Information Systems
Authors: Mark G. Simkin, Carolyn A. Strand Norman, Scott Paquette
1st Canadian Edition
1118738101, 978-1118738108
