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The Following Information Relates to the 2014 Operations of Adler's

Question 149

Essay

The following information relates to the 2014 operations of Adler's Company:
Finished goods inventory,beginning $ 90,000
Finished goods inventory,ending $ 83,000
Cost of goods available for sale $230,000
Required:
a.What is Adler's cost of goods manufactured for the period?
b.What is Adler's cost of goods sold for the period?

Correct Answer:

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a.$230,000 - $90,000 = $140,00...

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