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SMITH CORP PURCHASED $41,000 OF RM DURING THE CURRENT ACCOUNTING PERIOD. SMITH INCURRED $80,000 OF DL AND $52,000 OF MFG OVERHEAD. RM INVENTORY INCREASED
SMITH CORP PURCHASED $41,000 OF RM DURING THE CURRENT ACCOUNTING PERIOD. SMITH INCURRED $80,000 OF DL AND $52,000 OF MFG OVERHEAD. RM INVENTORY INCREASED BY $3,800. WIP INVENTORY DECREASED BY $500. COGS = 180,000. ENDING FINISHED GOODS INVENTORY = $42,400. WHAT WAS BEGINNING FINISHED GOODS INVENTORY? BEG FG INV:
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International Accounting
Authors: Timothy Doupnik, Hector Perera
4th edition
77862201, 978-0077760298, 77760298, 978-0077862206
