Cost of goods manufactured $198,240 Selling expenses 66,220 Administrative expenses 35,010 Sales 421,790 Finished goods inventory, January 1 47,660 Finished goods inventory, January 31 43,440 a. For the month ended January 31, determine Aricanly's cost of goods sold. Aricanly Manufacturing Company

Cost of goods manufactured $198,240 Selling expenses 66,220 Administrative expenses 35,010 Sales 421,790 Finished goods inventory, January 1 47,660 Finished goods inventory, January 31 43,440 a. For the month ended January 31, determine Aricanly's cost of goods sold. Aricanly Manufacturing Company

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 16E: Cost of goods sold, profit margin, and net income for a manufacturing company The following...

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Question

100%

Cost of goods manufactured
$198,240
Selling expenses
66,220
Administrative expenses
35,010
Sales
421,790
Finished goods inventory, January 1
47,660
Finished goods inventory, January 31
43,440
a. For the month ended January 31, determine Aricanly's cost of goods sold.
Aricanly Manufacturing Company
Cost of Goods Sold
January 31
Finished goods inventory, January 1
Cost of goods manufactured
Cost of finished goods available for sale
Less finished goods inventory, January 31
Cost of goods sold

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