Solution-Compute the cost of goods sold for the month of

Compute the cost of goods sold for the month of January

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Reference no: EM132453273

Question - Lance Ltd manufactures raincoats. Lance Ltd's accounting records show:

$600,000 Cost of goods manufactured for month of January 2014.

$200,000 Finished goods inventory at 1 January 2014.

$50,000 Finished goods inventory at 31 January 2014.

Required - Compute the cost of goods sold for the month of January 2014?

Reference no: EM132453273

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Compute the cost of goods sold for the month of January : Lance Ltd manufactures raincoats. Lance Ltd's accounting records show: $200,000 Finished goods inventory. Compute the cost of goods sold for month of January

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Compute the cost of goods sold for the month of January

Reference no: EM132453273

Reference no: EM132453273

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