Need help with this general accounting question Willow Industries has $25,000 of ending finished goodsinventory as of December 31, 2024. If the beginningfinished goods inventory was $15,000 and the cost ofgoods sold (COGS) was $70,000, how much would WillowIndustries report for the cost of goods manufactured(COGM)?

To calculate the cost of goods manufactured (COGM), we use the following formula: COGM = COGS +…

Answered: Willow Industries has $25,000 of ending…

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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Willow Industries has $25,000 of ending finished goods inventory as of December 31, 2024. If the beginning finished goods inventory was $15,000 and the cost of goods sold (COGS) was $70,000, how much would Willow Industries report for the cost of goods manufactured (COGM)?