Unformatted text preview: 870,000.00 Cost of Goods Sold Beginning Finished Goods Inventory 90,000.00 +Cost of Goods Manufactured 870,000.00- Ending Finished Goods Inventory 150,000.00 =Cost of Goods Sold 810,000.00 Income Statement Sales 1,350,000.00- Cost of Goods Sold 810,000.00 =Gross Margin 540,000.00 Inventories at the Date of the Accident Raw Materials: $70,000.00 Work In Process: $210,000.00 Finished Goods: $150,000.00...
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This note was uploaded on 11/16/2009 for the course ACCT 152 taught by Professor Bayak during the Spring '07 term at Lehigh University .
- Spring '07
- Managerial Accounting