Cavy Company completed 10,020 units during the year at a cost of $771,540. The beginning finished goods inventory was 2,200 units valued at $158,400. Determine the cost of goods sold for 9,040 units, assuming a FIFO cost flow.
Cavy Company completed 10,020 units during the year at a cost of $771,540. The beginning finished goods inventory was 2,200 units valued at $158,400. Determine the cost of goods sold for 9,040 units, assuming a FIFO cost flow.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 6BE: Cost of goods sold Pine Creek Company completed 200,000 units during the year at a cost of...
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Cavy Company completed 10,020 units during the year at a cost of $771,540. The beginning finished goods inventory was 2,200 units valued at $158,400. Determine the cost of goods sold for 9,040 units, assuming a FIFO cost flow.
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