The following information is for Sandhill Inc. for the year 2022: Manufacturing costs Number of gloves manufactured Beginning inventory $3,011,500 (a) 317,000 pairs O pairs Sales in 2022 were 315,100 pairs of gloves for $22 per pair. What is the cost of goods sold for 2022? (Round cost per unit to 2 decimal places, e.g. 15.25 and final answer to O decimal places, e.g. 125.)
The following information is for Sandhill Inc. for the year 2022: Manufacturing costs Number of gloves manufactured Beginning inventory $3,011,500 (a) 317,000 pairs O pairs Sales in 2022 were 315,100 pairs of gloves for $22 per pair. What is the cost of goods sold for 2022? (Round cost per unit to 2 decimal places, e.g. 15.25 and final answer to O decimal places, e.g. 125.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![The following information is for Sandhill Inc. for the year 2022:
Manufacturing costs
Number of gloves manufactured
Beginning inventory
$3,011,500
(a)
317,000 pairs
0 pairs
Sales in 2022 were 315,100 pairs of gloves for $22 per pair.
What is the cost of goods sold for 2022? (Round cost per unit to 2 decimal places, e.g. 15.25 and
final answer to O decimal places, e.g. 125.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb1bcee20-b6c5-40e8-b9e1-b017e27352f5%2F749d625d-5b16-483e-ad07-b13786ac1d21%2Fo0yz67b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following information is for Sandhill Inc. for the year 2022:
Manufacturing costs
Number of gloves manufactured
Beginning inventory
$3,011,500
(a)
317,000 pairs
0 pairs
Sales in 2022 were 315,100 pairs of gloves for $22 per pair.
What is the cost of goods sold for 2022? (Round cost per unit to 2 decimal places, e.g. 15.25 and
final answer to O decimal places, e.g. 125.)
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