The following information pertains to Tom's Country Wood Shop: Beginning finished goods, 1/1/24 $16,500 Ending finished goods, 12/31/24 7,200 Cost of goods sold 67,000 What is the cost of goods manufactured for 2024?

The following information pertains to Tom's Country Wood Shop: Beginning finished goods, 1/1/24 $16,500 Ending finished goods, 12/31/24 7,200 Cost of goods sold 67,000 What is the cost of goods manufactured for 2024?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 58P: Cost of Goods Manufactured, Income Statement W. W. Phillips Company produced 4,000 leather recliners...

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Question

Genral account

The following information pertains to Tom's
Country Wood Shop:
Beginning finished goods, 1/1/24 $16,500
Ending finished goods, 12/31/24 7,200
Cost of goods sold
67,000
What is the cost of goods manufactured
for 2024?

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