Cost of Goods Sold Allyson Ashley makes jet skis. During the year, Allyson manufactured 94,000 jet skis. Finished goods inventory had the following units: 11eb71cd_0e2c_7188_a6e4_d74675ecef0e_SM1595_00 Required: 1. How many jet skis did Allyson sell during the year? 2. If each jet ski had a product cost of $2,200, what was the cost of goods sold last year?

Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

Edition 6ISBN: 978-1305103962

Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

Edition 6ISBN: 978-1305103962

Exercise 22

Cost of Goods Sold
Allyson Ashley makes jet skis. During the year, Allyson manufactured 94,000 jet skis. Finished goods inventory had the following units:

Required:
1. How many jet skis did Allyson sell during the year?
2. If each jet ski had a product cost of $2,200, what was the cost of goods sold last year?

Explanation

Verified

1)
Number of jet skis sold can...