Please explain how to calculate cost of goods sold in problem 2C. My answer is $1,604,600 but in this study guide and others online, they record cost of goods as this number + roughly 800,000 but I don't understand why

Please explain how to calculate cost of goods sold in problem 2C. My answer is $1,604,600 but in this study guide and others online, they record cost of goods as this number + roughly 800,000 but I don't understand why

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12: Financial Statements, Closing Entries, And Reversing Entries

Section: Chapter Questions

Problem 3A: You are an owner/bookkeeper in a country whose economy has been nearly destroyed. Goods are scarce....

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Please explain how to calculate cost of goods sold in problem 2C.

My answer is $1,604,600 but in this study guide and others online, they record cost of goods as this number + roughly 800,000 but I don't understand why

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