Question
The following data pertains to the inventory of Ford Motor Company as of December 31, 2023: Beginning inventory: $100,000 Purchases: $250,000 Sales: $400,000 Ending inventory:
The following data pertains to the inventory of Ford Motor Company as of December 31, 2023:
- Beginning inventory: $100,000
- Purchases: $250,000
- Sales: $400,000
- Ending inventory: $80,000
Calculate the cost of goods sold for Ford Motor Company for the year ended December 31, 2023.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
