Cost of goods manufactured $198,240 Selling expenses 66,220 Administrative expenses 35,010 Sales 421,790 Finished goods inventory, January 1 47,660 Finished goods inventory, January 31 43,440

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 27E: Selected information concerning the operations of a company for the year ended December 31 is as...
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Required cost of goods sold

Cost of goods manufactured
$198,240
Selling expenses
66,220
Administrative expenses
35,010
Sales
421,790
Finished goods inventory, January 1
47,660
Finished goods inventory, January 31
43,440
a. For the month ended January 31, determine Aricanly's cost of goods sold
Aricanly Manufacturing Company
Cost of Goods Sold
January 31
Finished goods inventory, January 1
Cost of goods manufactured
Cost of finished goods available for sale
Less finished goods inventory, January 31
Cost of goods sold
Transcribed Image Text:Cost of goods manufactured $198,240 Selling expenses 66,220 Administrative expenses 35,010 Sales 421,790 Finished goods inventory, January 1 47,660 Finished goods inventory, January 31 43,440 a. For the month ended January 31, determine Aricanly's cost of goods sold Aricanly Manufacturing Company Cost of Goods Sold January 31 Finished goods inventory, January 1 Cost of goods manufactured Cost of finished goods available for sale Less finished goods inventory, January 31 Cost of goods sold
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