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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following information pertanis to TOM'S
Transcribed Image Text: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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