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nikklg [1K]
2 years ago
9

Given: Cost of goods manufactured of $410,000; beginning finished goods inventory of $110,000 and ending finished goods inventor

y of $125,000, calculate unadjusted cost of goods sold. Multiple choice question. $395,000 $535,000 $520,000 $425,000
Business
1 answer:
Dafna1 [17]2 years ago
5 0

The unadjusted cost of goods sold is $395,000

<h3>What is cost of goods sold?</h3>

Cost of Goods Sold (COGS) is what measure the direct cost incurred in the production of any goods or services.

The unadjusted cost of goods is computed as:

= Cost of goods manufactured - ( Ending finished goods -Beginning finished goods inventory )

= $410,000 - ( $125,000 - $110,000)

= $410,000 - $15,000

= $395,000

Hence, the unadjusted cost of goods sold is $395,000

Learn more about cost of goods sold here: brainly.com/question/18648409

#SPJ1

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In the question, $60,000 was the purchase price, the transportation cost of $1,000 was necessary to bring the asset to the location intended by management, $3,000 was the sales tax and the installation cost of $2,500 was also necessary for the asset to function as intended by management. So all these costs would be capitalized as the cost of the equipment as $66,500.

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3 years ago
Athena Jolene, a human resources executive at Thomas Griffith, wants to collect ideas from the company's employees for an upcomi
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True

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