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The following information was taken from the accounting books of Cody Cos. Decrease in raw materials inventory P 15,000 Increase in Finished Goods Inventory 35,000
The following information was taken from the accounting books of Cody Cos.
Decrease in raw materials inventoryP15,000
Increase in Finished Goods Inventory35,000
Raw Materials Purchased430,000
Direct Labor Payroll200,000
Factory Overhead300,000
Freight out45,000
Indirect materials used2,500
Purchase Discount1,250
Purchase Return2,250
Sales Return at cost5,000
Excess materials issued return from factory1,000
How much was the cost of goods sold if there was no WIP at the beginning or at the end?
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