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BriteClark
Jun 25, 2012, 09:02 AM
Beginning Finished Goods Inventory = $150,750
Ending Finished Goods Inventory = $140,475
Sales = $475,000
Gross Margin = $150,000

How do you figure Cost of Good Manufactured using this information?

paraclete
Jun 25, 2012, 06:12 PM
Begining Finished Goods Inventory = $150,750
Ending Finished Goods Inventory = $140,475
Sales = $475,000
Gross Margin = $150,000

How do you figure Cost of Good Manufactured using this information?

FG (b) + manufacturing cost - cost of sales = FG (c)

Sales - Margin = cost of sales