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Cost of goods available for sale & Purchases
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Beginning Inventory $20,000 Purchases Purchase R & A $5,000 Frt In $8,000 Cost of Goods Sold $233,000 Sales $290.00 Sales Return $11000 Ending Inventor Gross profit on Sale 446,000
Finished Goods transfer Goods Sold
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The cost of production of completed and finished goods during the period amounted to $400,000, and the finished products shipped to customers had total production costs of $337,000. From the following, select the entry to record the transfer of costs from finished goods to cost of goods sold. I... View more questions Search
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