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Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods Precision Unimart Manufacturing $275,000 500,000 115,000 Mfg Business Compute cost of goods sold for each of these two companies for the year. Cost of goods sold Finished goods inventory, beginning Add: Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Complete this question by entering your answers in the tabs below. Merch Business Compute cost of goods sold for the company year in Manufacturing Business. PRECISION MANUFACTURING Computation of Cost of Goods Sold $450,000 900,000 ▶ 375,000 $ $ 450,000 900,000 1,350,000 375,000 975,000

Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods Precision Unimart Manufacturing $275,000 500,000 115,000 Mfg Business Compute cost of goods sold for each of these two companies for the year. Cost of goods sold Finished goods inventory, beginning Add: Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Complete this question by entering your answers in the tabs below. Merch Business Compute cost of goods sold for the company year in Manufacturing Business. PRECISION MANUFACTURING Computation of Cost of Goods Sold $450,000 900,000 ▶ 375,000 $ $ 450,000 900,000 1,350,000 375,000 975,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods Precision Unimart Manufacturing $275,000 500,000 115,000 Mfg Business Compute cost of goods sold for each of these two companies for the year. Cost of goods sold Finished goods inventory, beginning Add: Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Complete this question by entering your answers in the tabs below. Merch Business Compute cost of goods sold for the company year in Manufacturing Business. PRECISION MANUFACTURING Computation of Cost of Goods Sold $450,000 900,000 ▶ 375,000 $ $ 450,000 900,000 1,350,000 375,000 975,000 <Merch Business Mfg Business >
Transcribed Image Text:Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods Precision Unimart Manufacturing $275,000 500,000 115,000 Mfg Business Compute cost of goods sold for each of these two companies for the year. Cost of goods sold Finished goods inventory, beginning Add: Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Complete this question by entering your answers in the tabs below. Merch Business Compute cost of goods sold for the company year in Manufacturing Business. PRECISION MANUFACTURING Computation of Cost of Goods Sold $450,000 900,000 ▶ 375,000 $ $ 450,000 900,000 1,350,000 375,000 975,000 <Merch Business Mfg Business >
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