to caiculate the cost of goods E (Click the icon to view the information.) Data Table Cost of Goods Sold Finished Goods Inventory, Beginning Balance $ 30,000 Finished Goods Inventory, Ending Balance 10,000 Cost of Goods Manufactured 165,000
to caiculate the cost of goods E (Click the icon to view the information.) Data Table Cost of Goods Sold Finished Goods Inventory, Beginning Balance $ 30,000 Finished Goods Inventory, Ending Balance 10,000 Cost of Goods Manufactured 165,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Use the following information to calculate the cost of goods sold for The Ellis Company for the month of June:
E (Click the icon to view the information.)
Data Table
Cost of Goods Sold
Finished Goods Inventory, Beginning Balance
$
30,000
Finished Goods Inventory, Ending Balance
10,000
Cost of Goods Manufactured
165,000
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