The manufacturing operations of Oriole, Inc. had the following inventory balances for the month of January:Raw MaterialsWork in ProcessFinished GoodsJanuary 1 January 31$10,56018,48012,320$11,440Cost of goods sold $20,24010,560Oriole transferred $237,600 of completed goods out of Work in Process Inventory during January.Compute the cost of goods sold for January.

To calculate the cost of goods sold (COGS) for January, we need to consider the changes in inventory…

The manufacturing operations of Oriole, Inc. had the following inventory balances for the month of January: Raw Materials Work in Process Finished Goods January 1 January 31 $10,560 $11,440 Cost of goods sold 18,480 12,320 20,240 Oriole transferred $237,600 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold for January. $ 10,560

The manufacturing operations of Oriole, Inc. had the following inventory balances for the month of January: Raw Materials Work in Process Finished Goods January 1 January 31 $10,560 $11,440 Cost of goods sold 18,480 12,320 20,240 Oriole transferred $237,600 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold for January. $ 10,560

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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