Cost of goods manufactured $198,240 Selling expenses 66,220 Administrative expenses 35,010 Sales 421,790 Finished goods inventory, January 1 47,660 Finished goods inventory, January 31 43,440 a. For the month ended January 31, determine Aricanly's cost of goods sold. Aricanly Manufacturing Company
Cost of goods manufactured $198,240 Selling expenses 66,220 Administrative expenses 35,010 Sales 421,790 Finished goods inventory, January 1 47,660 Finished goods inventory, January 31 43,440 a. For the month ended January 31, determine Aricanly's cost of goods sold. Aricanly Manufacturing Company
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Cost of goods manufactured
$198,240
Selling expenses
66,220
Administrative expenses
35,010
Sales
421,790
Finished goods inventory, January 1
47,660
Finished goods inventory, January 31
43,440
a. For the month ended January 31, determine Aricanly's cost of goods sold.
Aricanly Manufacturing Company
Cost of Goods Sold
January 31
Finished goods inventory, January 1
Cost of goods manufactured
Cost of finished goods available for sale
Less finished goods inventory, January 31
Cost of goods sold](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fae59015f-ad6e-47c3-beee-913283c40b22%2F2ad24fde-a3c2-410e-b827-9497bf2fb49f%2Fnlp97k_processed.png&w=3840&q=75)
Transcribed Image Text:Cost of goods manufactured
$198,240
Selling expenses
66,220
Administrative expenses
35,010
Sales
421,790
Finished goods inventory, January 1
47,660
Finished goods inventory, January 31
43,440
a. For the month ended January 31, determine Aricanly's cost of goods sold.
Aricanly Manufacturing Company
Cost of Goods Sold
January 31
Finished goods inventory, January 1
Cost of goods manufactured
Cost of finished goods available for sale
Less finished goods inventory, January 31
Cost of goods sold
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