The following information is for Sheridan Inc. for the year 2022: Manufacturing costs Number of gloves manufactured Beginning inventory (a) $2,999,700 Sales in 2022 were 301,400 pairs of gloves for $18 per pair. 303,000 pairs 0 pairs Cost of goods sold $ What is the cost of goods sold for 2022? (Round cost per unit to 2 decimall 125)
The following information is for Sheridan Inc. for the year 2022: Manufacturing costs Number of gloves manufactured Beginning inventory (a) $2,999,700 Sales in 2022 were 301,400 pairs of gloves for $18 per pair. 303,000 pairs 0 pairs Cost of goods sold $ What is the cost of goods sold for 2022? (Round cost per unit to 2 decimall 125)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![The following information is for Sheridan Inc. for the year 2022:
Manufacturing costs
Number of gloves manufactured
Beginning inventory
(a)
$2,999,700
Sales in 2022 were 301,400 pairs of gloves for $18 per pair.
303,000 pairs
0 pairs
Cost of goods sold $
What is the cost of goods sold for 2022? (Round cost per unit to 2 decimal places,
125.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbdc9b21b-d71c-4cf6-b619-32e22bb50e87%2F1c41e7fa-c26d-44c1-852b-43877375e15f%2Fl6bst1_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following information is for Sheridan Inc. for the year 2022:
Manufacturing costs
Number of gloves manufactured
Beginning inventory
(a)
$2,999,700
Sales in 2022 were 301,400 pairs of gloves for $18 per pair.
303,000 pairs
0 pairs
Cost of goods sold $
What is the cost of goods sold for 2022? (Round cost per unit to 2 decimal places,
125.)
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