The following balances are from the accounts of Crabtree Machining Companm Direct materials inventory Work-in-process inventory Fininhed gooda inventory January 1 Deocember 31 (Beginning) (Ending) $ 97,900 S 111,600 109,900 43,100 104,200 46,600 Direct materials purchased during the year amount to $517,200, and the cost Required: Prepare a cost of goods sold statement.

The following balances are from the accounts of Crabtree Machining Companm Direct materials inventory Work-in-process inventory Fininhed gooda inventory January 1 Deocember 31 (Beginning) (Ending) $ 97,900 S 111,600 109,900 43,100 104,200 46,600 Direct materials purchased during the year amount to $517,200, and the cost Required: Prepare a cost of goods sold statement.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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