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Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
Edition 2ISBN: 978-1111824402Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
Edition 2ISBN: 978-1111824402 Exercise 22
Cost of Goods Sold
Refer to Cornerstone Exercise 2.2.
Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods is $42,500, and ending inventory of finished goods is expected to be $34,000.
Required:
1. Prepare a statement of cost of goods sold in good form.
2. What if the beginning inventory of finished goods decreased by $5,000? What would be the effect on the cost of goods sold?
Refer to Cornerstone Exercise 2.2.
Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods is $42,500, and ending inventory of finished goods is expected to be $34,000.
Required:
1. Prepare a statement of cost of goods sold in good form.
2. What if the beginning inventory of finished goods decreased by $5,000? What would be the effect on the cost of goods sold?
Explanation
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Verified
Pietro frozen foods predict that 50,000 ...
Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
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