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Listed below is selected data for Zodiac Company for the current year: Total manufacturing costs incurred during the year $132,000 Work-in-process, beginning inventory Work-in-process, ending inventory $28,000 $18,000 Finished goods, beginning inventory $28,000 Finished goods, ending inventory $18,000 What is the cost of goods sold for the current year?

Listed below is selected data for Zodiac Company for the current year: Total manufacturing costs incurred during the year $132,000 Work-in-process, beginning inventory Work-in-process, ending inventory $28,000 $18,000 Finished goods, beginning inventory $28,000 Finished goods, ending inventory $18,000 What is the cost of goods sold for the current year?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Listed below is selected data for Zodiac Company for the current year: Total manufacturing costs incurred during the year $132,000 Work-in-process, beginning inventory Work-in-process, ending inventory $28,000 $18,000 Finished goods, beginning inventory $28,000 Finished goods, ending inventory $18,000 What is the cost of goods sold for the current year?
Transcribed Image Text:Listed below is selected data for Zodiac Company for the current year: Total manufacturing costs incurred during the year $132,000 Work-in-process, beginning inventory Work-in-process, ending inventory $28,000 $18,000 Finished goods, beginning inventory $28,000 Finished goods, ending inventory $18,000 What is the cost of goods sold for the current year?
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