Exercise 18-11 Cost of goods sold computation LO P1 Unimart Precision Manufacturing Beginning inventory Merchandise $ 275,000 Finished goods $ 450,000 Cost of purchases 500,000 Cost of goods manufactured 900,000 Ending inventory Merchandise 115,000 Finished goods 375,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2015. Merchandising Business: Manufacturing Business:
Exercise 18-11 Cost of goods sold computation LO P1 Unimart Precision Manufacturing Beginning inventory Merchandise $ 275,000 Finished goods $ 450,000 Cost of purchases 500,000 Cost of goods manufactured 900,000 Ending inventory Merchandise 115,000 Finished goods 375,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2015. Merchandising Business: Manufacturing Business:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Exercise 18-11 Cost of goods sold
computation LO P1 Unimart Precision
Manufacturing Beginning inventory
Merchandise $ 275,000 Finished
goods $ 450,000 Cost of purchases
500,000 Cost of goods manufactured
900,000 Ending inventory
Merchandise 115,000 Finished goods
375,000 Compute cost of goods sold
for each of these two companies for
the year ended December 31, 2015.
Merchandising Business:
Manufacturing Business:
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