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Home Q & A Board Other Fields Homework Help Business Accounting
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janeniz janeniz
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2 months ago
The following information relates to the 2020 operations of Ace Manufacturing Company.

Finished Goods Inventory, beginning$ 99,000
Finished Goods Inventory, ending104,000
Cost of goods available for sale250,000

Required:

a.What is Ace's cost of goods manufactured for the year?
b.What is Ace's Cost of Goods Sold for the year?
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Managerial Accounting

Managerial Accounting


Edition: 4th
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otis24otis24
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2 months ago
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More solutions for this book are available here
a.$250,000 − $99,000 = $151,000 cost of goods manufactured
b.$99,000 + $151,000 − $104,000 = $146,000 Cost of Goods Sold


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janeniz Author
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2 months ago
Thanks for your help!!
Goku935
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Yesterday
Brilliant ツ
sakoon
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2 hours ago
this is exactly what I needed
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