Dixon Manufacturing has the following data: • Beginning Finished Goods Inventory = $20,000 • Raw Material Purchases = $22,000 • Cost of Goods Manufactured = $40,500 • Ending Finished Goods Inventory = $24,500 What is the cost of goods sold for Dixon Manufacturing? Select the correct answer: a. $35,000 b. $38,000 c. $38,500 d. $36,000 e. $32,000

Dixon Manufacturing has the following data: • Beginning Finished Goods Inventory = $20,000 • Raw Material Purchases = $22,000 • Cost of Goods Manufactured = $40,500 • Ending Finished Goods Inventory = $24,500 What is the cost of goods sold for Dixon Manufacturing? Select the correct answer: a. $35,000 b. $38,000 c. $38,500 d. $36,000 e. $32,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter12: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 12.16E: Product cost concept of product pricing Based on the data presented in Exercise 12-15, assume that...

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