Now prepare the schedule of cost of goods sold.(for question above)
Beginning finished goods inventory: $9 cost of goods manufactured: $90cost of goods available for sale: $99 Ending finished goods inventory: $(6)cost of goods sold: $93
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Now prepare the schedule of cost of goods sold.(for question above)
Beginning finished goods inventory: $9 cost of goods manufactured: $90cost of goods available for sale: $99 Ending finished goods inventory: $(6)cost of goods sold: $93