Question
Maro Corporation reports the following for the year: Finished goods inventory, January 1 $ 4,200 Work in Process- inventory ,January 5,000 Finished goods inventory, December
Maro Corporation reports the following for the year:
Finished goods inventory, January 1 $ 4,200
Work in Process- inventory ,January 5,000
Finished goods inventory, December 31 7,500
Total cost of goods sold 16,100
Total cost of goods sold 16,100
The cost of goods manufactured for the year is:
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
