LISTED BELOW IS SELECTED DATA FOR POLARIS MANUFACTURING FOR THE CURRENT YEAR: DESCRIPTION AMOUNT ($) TOTAL MANUFACTURING COSTS INCURRED DURING YEAR $145,000 WORK-IN-PROCESS, BEGINNING INVENTORY WORK-IN-PROCESS, ENDING INVENTORY FINISHED GOODS, BEGINNING INVENTORY FINISHED GOODS, ENDING INVENTORY $30,000 $20,000 $35,000 $25,000 WHAT IS THE COST OF GOODS SOLD FOR THE CURRENT YEAR?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 12EA: What are the total costs to account for if a companys beginning inventory had $231,432 in materials,...
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LISTED BELOW IS SELECTED DATA FOR POLARIS MANUFACTURING FOR THE CURRENT
YEAR:
DESCRIPTION
AMOUNT ($)
TOTAL MANUFACTURING COSTS INCURRED DURING YEAR $145,000
WORK-IN-PROCESS, BEGINNING INVENTORY
WORK-IN-PROCESS, ENDING INVENTORY
FINISHED GOODS, BEGINNING INVENTORY
FINISHED GOODS, ENDING INVENTORY
$30,000
$20,000
$35,000
$25,000
WHAT IS THE COST OF GOODS SOLD FOR THE CURRENT YEAR?
Transcribed Image Text:LISTED BELOW IS SELECTED DATA FOR POLARIS MANUFACTURING FOR THE CURRENT YEAR: DESCRIPTION AMOUNT ($) TOTAL MANUFACTURING COSTS INCURRED DURING YEAR $145,000 WORK-IN-PROCESS, BEGINNING INVENTORY WORK-IN-PROCESS, ENDING INVENTORY FINISHED GOODS, BEGINNING INVENTORY FINISHED GOODS, ENDING INVENTORY $30,000 $20,000 $35,000 $25,000 WHAT IS THE COST OF GOODS SOLD FOR THE CURRENT YEAR?
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