The following information is for X Company, a manufacturer, for 2021: Revenue was $513,950. Total manufacturing...
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The following information is for X Company, a manufacturer, for 2021: Revenue was $513,950. Total manufacturing costs were $342,633. On January 1, several jobs were still not finished; costs incurred on those jobs were $18,420. On January 1, several jobs were still not sold; costs incurred on those jobs were $7,092. All other inventory balances were zero. What was Cost of Goods Sold for the year? The following information is for X Company, a manufacturer, for 2021: Revenue was $513,950. Total manufacturing costs were $342,633. On January 1, several jobs were still not finished; costs incurred on those jobs were $18,420. On January 1, several jobs were still not sold; costs incurred on those jobs were $7,092. All other inventory balances were zero. What was Cost of Goods Sold for the year?
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