Please show the formulas and stepe used.
Homework Answers
a. $429,000
Sales - Cost of goods sold = Gross margin
$505,000 - Cost of goods sold = $63,000
Cost of goods sold = $442,000
Cost of goods manufactured = Cost of goods sold + Ending finished goods inventory - Beginning finished goods inventory
Cost of goods manufactured = $442,000 + $71,000 - $84,000
Cost of goods manufactured = $429,000
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Please show the formulas and stepe used.
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