2)Sheridan Company has $21000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $15000 and cost of goods sold was S50000, how much would Sheridan report for cost of goods manufactured? a) $56000 b) $44000 C) S71000 d) S15000
2)Sheridan Company has $21000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $15000 and cost of goods sold was S50000, how much would Sheridan report for cost of goods manufactured? a) $56000 b) $44000 C) S71000 d) S15000
Chapter10: Inventory
Section: Chapter Questions
Problem 13PA: Company Elmira reported the following cost of goods sold but later realized that an error had been...
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![2)Sheridan Company has $21000 of ending finished goods inventory as of December 31, 2013. If beginning
finished goods inventory was $15000 and cost of goods sold was $50000, how much would Sheridan
report for cost of goods manufactured?
a) $56000
b) $44000
C) S71000
d) $15000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F895e84b7-bdb9-44dd-9e3c-4c13647d53ed%2F5cdfc201-3c0d-4107-a864-b854598ff271%2F4ysufmd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2)Sheridan Company has $21000 of ending finished goods inventory as of December 31, 2013. If beginning
finished goods inventory was $15000 and cost of goods sold was $50000, how much would Sheridan
report for cost of goods manufactured?
a) $56000
b) $44000
C) S71000
d) $15000
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