The following information is for Sheridan Inc. for the year 2022: Manufacturing costs $3,007,000 Number of gloves manufactured Beginning inventory Sales in 2022 were 308,400 pairs of gloves for $22 per pair (a) Your answer is incorrect 310,000 pairs 0 pairs What is the cost of goods sold for 2022? (Round cost per unit to 2 decimal places, eg 15.25 and final answer to 0 decimal places, eg. 125.J Cost of goods sold S

Intermediate Accounting: Reporting And Analysis
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ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
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Chapter5: The Income Statement And The Statement Of Cash Flows
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The following information is for Sheridan Inc. for the year 2022:
Manufacturing costs
Number of gloves manufactured
Beginning inventory
(a)
Sales in 2022 were 308,400 pairs of gloves for $22 per pair.
Your answer is incorrect.
$3,007,000
310,000 pairs
0 pairs
Cost of goods sold
What is the cost of goods sold for 2022? (Round cost per unit to 2 decimal places, eg. 15.25 and final answer to 0 decimal
places, e.g. 125.)
Transcribed Image Text:The following information is for Sheridan Inc. for the year 2022: Manufacturing costs Number of gloves manufactured Beginning inventory (a) Sales in 2022 were 308,400 pairs of gloves for $22 per pair. Your answer is incorrect. $3,007,000 310,000 pairs 0 pairs Cost of goods sold What is the cost of goods sold for 2022? (Round cost per unit to 2 decimal places, eg. 15.25 and final answer to 0 decimal places, e.g. 125.)
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