B-17.05 Problem

B-17.05 Problem - Finished goods inventory decreased by...

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B-17.05 White Manufacturing transferred $4,500,000 of raw materials into production during the most recent year. Direct labor and factory overhead for the period totaled $3,000,000. Beginning work in process was $1,000,000 and ending work in process was $1,300,000.
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Unformatted text preview: Finished goods inventory decreased by $75,000. If gross profit was $2,400,000, how much was sales for the period?...
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