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ew History Bookmarks Window Help ? :ETH ",06244 ? ? 100% ??. ? Thu 4:30 edugen.wileyplus.com 0? wleyPLUS Weygandt, Accounting Principles, 12e Accounting Principles I (ACC 1001 Summer ? :52 PM/Remaining: 53 min. STANDARD VEEW PRINTER VERSION Question 2 Sheffield Corp, reported the following year-end information: beginning work in process process inventory, $300000; and ending finished goods inventory, $344000. Sheffield Corp.'s cost of goods sold for the year is goods manufactured, $866000; beginning inished goods inventory, $322000; ending work in inventory, $260000; cost of $888000. 826000. $522000. $844000. Click if you would like to Show Work for this question: Qen Sho Wark Question Attempts: 0 of 1 used SAVE FOR LATER

Explanation / Answer

Cost of goods sold :

So answer is d) $844000

Beginning finished goods 322000 Cost of goods manufactured 866000 Cost of goods available for sale 1188000 Less :Ending finished goods -344000 Cost of goods sold 844000

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