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Basile [38]
3 years ago
7

Old Tired Professor Mullen, Inc. has $20,000 of ending (EI) finished goods inventory. If beginning (BI) finished goods inventory

was $10,000 and Cost of Goods Sold (CGS) (OUT) was $40,000, how much would the Old Tired Professor report for Cost of Goods Manufactured (CGM) (IN)
Business
1 answer:
Zolol [24]3 years ago
3 0

Difference between beginning and ending CoG: 20,000-10,000 = 10,000

Difference + sold:

10,000 + 40,000 = 50,000

Answer: $50,000

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