The following information is for Sandhill Inc. for the year 2022: Manufacturing costs Number of gloves manufactured Beginning inventory $2,989,800 (a) 302,000 pairs 0 pairs Sales in 2022 were 300,100 pairs of gloves for $20 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 $2,989,800 (a) 302,000 pairs 0 pairs Sales in 2022 were 300,100 pairs of gloves for $20 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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Transcribed Image Text:The following information is for Sandhill Inc. for the year 2022:
Manufacturing costs
Number of gloves manufactured
Beginning inventory
(a)
$2,989,800
Sales in 2022 were 300,100 pairs of gloves for $20 per pair.
302,000 pairs
0 pairs
Cost of goods sold $
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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