Wize Manufacturing reported the following information: Finished goods inventory $40,000 Cost of goods manufactured 105,000 Ending inventory of finished goods 15, 000 Required: Compute the cost of goods sold.

Wize Manufacturing reported the following information: Finished goods inventory $40,000 Cost of goods manufactured 105,000 Ending inventory of finished goods 15, 000 Required: Compute the 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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Wize Manufacturing reported the following information: Finished goods inventory $40,000
Cost of goods manufactured 105,000 Ending inventory of finished goods 15, 000 Required:
Compute the cost of goods sold.

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