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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.)

FINANCIAL ACCOUNTING
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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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.)
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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