Compute cost of goods sold using the following information: Finished goods inventory, beginning $ 880 Cost...
Compute cost of goods sold using the following information: Finished goods inventory, beginning $ 880 Cost of goods manufactured 6,320 Finished goods inventory, ending 1,150
Homework Answers
Solution - Calculation of cost of goods sold
| Particulars | Amount |
| Finshed goods inventory, beginning | $880 |
| (+) Cost of goods manufactured | $6320 |
| Cost of goods available for sale | $7200 |
| (-)Finished goods inventory, beginning | $1150 |
| Cost of goods sold | $6050 |
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Compute cost of goods sold using the following information:
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