Cost of goods soldPine Creek Company completed 200,000 units during the year at a cost of$3,000,000. The beginning finished goods inventory was 25,000 units at $310,000. Determine the cost of goods sold for 210,000 units, assuming a FIFO cost flow.
Cost of goods soldPine Creek Company completed 200,000 units during the year at a cost of$3,000,000. The beginning finished goods inventory was 25,000 units at $310,000. Determine the cost of goods sold for 210,000 units, assuming a FIFO cost flow.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 6BE: Cost of goods sold Pine Creek Company completed 200,000 units during the year at a cost of...
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Cost of goods sold
Pine Creek Company completed 200,000 units during the year at a cost of
$3,000,000. The beginning finished goods inventory was 25,000 units at $310,000. Determine the cost of goods sold for 210,000 units, assuming a FIFO cost flow.
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