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SILVERSTONE MANUFACTURING CO. HAS AN ENDING FINISHED GOODS INVENTORY OF $25,000 AS OF DECEMBER 31, 2022. THE BEGINNING FINISHED GOODS INVENTORY WAS $15,000, AND THE COGS (COST OF GOODS SOLD) WAS $60,000. REQUIRED: WHAT IS THE COST OF GOODS MANUFACTURED FOR SILVERSTONE MANUFACTURING CO.?

SILVERSTONE MANUFACTURING CO. HAS AN ENDING FINISHED GOODS INVENTORY OF $25,000 AS OF DECEMBER 31, 2022. THE BEGINNING FINISHED GOODS INVENTORY WAS $15,000, AND THE COGS (COST OF GOODS SOLD) WAS $60,000. REQUIRED: WHAT IS THE COST OF GOODS MANUFACTURED FOR SILVERSTONE MANUFACTURING CO.?

Principles of Accounting Volume 2
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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SILVERSTONE MANUFACTURING CO. HAS AN ENDING FINISHED GOODS INVENTORY OF $25,000 AS OF DECEMBER 31, 2022. THE BEGINNING FINISHED GOODS INVENTORY WAS $15,000, AND THE COGS (COST OF GOODS SOLD) WAS $60,000. REQUIRED: WHAT IS THE COST OF GOODS MANUFACTURED FOR SILVERSTONE MANUFACTURING CO.?
Transcribed Image Text:SILVERSTONE MANUFACTURING CO. HAS AN ENDING FINISHED GOODS INVENTORY OF $25,000 AS OF DECEMBER 31, 2022. THE BEGINNING FINISHED GOODS INVENTORY WAS $15,000, AND THE COGS (COST OF GOODS SOLD) WAS $60,000. REQUIRED: WHAT IS THE COST OF GOODS MANUFACTURED FOR SILVERSTONE MANUFACTURING CO.?
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