Question
The following information is forIvanhoeInc. for the year 2022: Manufacturing costs $2,989,200 Number of gloves manufactured 318,000 pairsBeginning inventory 0pairs Sales in 2022 were316,700pairs of
The following information is forIvanhoeInc. for the year 2022:
Manufacturing costs $2,989,200
Number of gloves manufactured 318,000
pairsBeginning inventory 0pairs
Sales in 2022 were316,700pairs of gloves for $20per pair.
What is the cost of goods sold for 2022? (Round cost per unit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 125.)
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Financial Accounting
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
12th edition
134725980, 9780134726656 , 978-0134725987
