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Pine crest Manufacturing has $18,000 of ending finished goods inventory as of December 31, 2024. If the beginning finished goods inventory was $10,000 and the cost of goods sold (COGS) was $55,000, how much would Pine crest Manufacturing report for the cost of goods manufactured (COGM)?

Pine crest Manufacturing has $18,000 of ending finished goods inventory as of December 31, 2024. If the beginning finished goods inventory was $10,000 and the cost of goods sold (COGS) was $55,000, how much would Pine crest Manufacturing report for the cost of goods manufactured (COGM)?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 4EB: Masonrys records show the raw materials inventory had purchases of $1,000and an ending raw materials...
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Pine crest Manufacturing has $18,000 of ending finished goods inventory as of December 31, 2024. If the beginning finished goods inventory was $10,000 and the cost of goods sold (COGS) was $55,000, how much would Pine crest Manufacturing report for the cost of goods manufactured (COGM)?
Transcribed Image Text:Pine crest Manufacturing has $18,000 of ending finished goods inventory as of December 31, 2024. If the beginning finished goods inventory was $10,000 and the cost of goods sold (COGS) was $55,000, how much would Pine crest Manufacturing report for the cost of goods manufactured (COGM)?
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