Answered: Finished Goods Inventory: Beginning…

Business

Accounting

Finished Goods Inventory: Beginning Balance Ending Balance Cost of Goods Manufactured $ 30,000 10,000 165,000

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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Question

Computing cost of goods sold, manufacturing company

Use the following information to calculate the cost of goods sold for The Ellis Cam. pant for the month or June:

Finished Goods Inventory:
Beginning Balance
Ending Balance
Cost of Goods Manufactured
$ 30,000
10,000
165,000

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