Problem: 7.7 The following inventory balances relate to Vikas Manufacturing Corporation at the beginning and end of the year: Beginning Ending Raw materials $9,000 $3,000 Finished goods $33,000 $42,000 Vikas's cost of goods sold was $424,000. What was Vikas's cost of goods manufactured?

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
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Chapter10: Inventory
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Problem 4PA: Calculate the cost of goods sold dollar value for A74 Company for the sale on March 11, considering...
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Problem: 7.7
The following inventory balances relate to Vikas
Manufacturing Corporation at the beginning and end of the
year:
Beginning Ending
Raw materials $9,000 $3,000
Finished goods $33,000 $42,000
Vikas's cost of goods sold was $424,000. What was Vikas's
cost of goods manufactured?
Transcribed Image Text:Problem: 7.7 The following inventory balances relate to Vikas Manufacturing Corporation at the beginning and end of the year: Beginning Ending Raw materials $9,000 $3,000 Finished goods $33,000 $42,000 Vikas's cost of goods sold was $424,000. What was Vikas's cost of goods manufactured?
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