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Compute cost of goods sold using the following information: $ Finished goods inventory, beginning Cost of goods manufacturedCompute cost of goods sold for the period using the following information. Finished goods inventory, beginning Work in proces

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Answer #1

1.

Finished goods inventory, beginning

800

Add: Cost of goods manufactured

$ 4,200

Cost of goods available for sale

$ 5,000

Less: Finished goods inventory, ending

1150

Cost of goods sold

$ 3,850.00

2.

Finished goods inventory,beginning

370000

Add:Cost of goods manufactured

$ 961,300

Cost of goods available for sale

$ 1,331,300

Less:Finished goods inventory,ending

298000

Cost of goods sold

$ 1,033,300.00

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Answer #2

current liabilities Rs.600000, current rtatio 2, liquid ratio 1.5 and inventory turnover ratio 6 times

answered by: anisha
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