Two items are omitted from each of the following three lists of cost of goods sold data

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Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter.

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Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Mar 30, 2017 11:52 AM

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Two items are omitted from each of the following three lists of cost of goods sold data

Question:

Finished goods inventory, June 1 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, June 30 Cost of goods sold $116,600 825,900 $ 38,880 180,000 $1,100,000 $540,000 70,000 130,000 $ 945,000

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A 942500 116600 825900 B 812500 ...View the full answer

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