FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:The following information is for Sheridan Inc. for the year 2022:
Manufacturing costs
Number of gloves manufactured
Beginning inventory
(a)
$2,999,700
Sales in 2022 were 301,400 pairs of gloves for $18 per pair.
303,000 pairs
0 pairs
Cost of goods sold $
What is the cost of goods sold for 2022? (Round cost per unit to 2 decimal places,
125.)
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