A manufacturing company has a beginning finished goods inventory of $28,600, raw material purchases of $39,000, cost of...
A manufacturing company has a beginning finished goods inventory of $28,600, raw material purchases of $39,000, cost of goods manufactured of $81,500, and an ending finished goods inventory of $45,800. The cost of goods sold for this company is
Homework Answers
cost of goods sold=cost of goods manufactured+beginning finished goods inventory-ending finished goods inventory
=81,500+28,600-45,800
which is equal to
=$64300.
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