The manufacturing operations of Ivanhoe, Inc. had the following balances for the month of January: Inventories Raw Materials Work in Process Finished Goods January 1 January 31 $10,320 18,060 12,040 $11,180 19,780 13,760 Ivanhoe transferred $249,400 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold. Cost of goods sold $

The manufacturing operations of Ivanhoe, Inc. had the following balances for the month of January: Inventories Raw Materials Work in Process Finished Goods January 1 January 31 $10,320 18,060 12,040 $11,180 19,780 13,760 Ivanhoe transferred $249,400 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold. Cost of goods sold $

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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