The following information was provided by grand company for, Ask an Expert

Accounting

The following information was provided by Grand Company for the year just ended:

Beginning finished goods inventory: $130,425
Ending finished goods inventory: $125,770
Sales: $500,000
Gross margin: $100,000

what was the cost of goods manufactured for the year ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M971183

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