Question
Monmouth Company's January 1, 2018 finished goods inventory was $70,000. The January 1, 2019 finished goods inventory is $66,000. Cost of goods manufactured for the
Monmouth Company's January 1, 2018 finished goods inventory was $70,000. The January 1, 2019 finished goods inventory is $66,000. Cost of goods manufactured for the FY 2018 was $231,000. 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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Accounting Text And Cases
Authors: Robert Anthony, James S. Reece, Kenn Merchant, David Hawkins
11th International Edition
0071232265, 978-0071232265
