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4 years ago

The following information pertains to the Frameworks Corporation for May. Calculate the cost of goods sold for the period:

Business

1 answer:

gogolik [260]4 years ago

4 0

Answer:

b.$131,300.

Explanation:

Cost of Goods Manufactures = $129,800

Beginning Finished Goods Inventory = $22,500

Ending Finished Goods Inventory = $21,000

Cost of Goods Sold = Cost of Goods Manufactures + Beginning Finished Goods Inventory - Ending Finished Goods Inventory

Cost of Goods Sold = $129,800 + $22,500 - $21,000

Cost of Goods Sold = $131,300

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