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The manufacturing operations of Ivanhoe, Inc. had the following balances for the month of January: Inventories Raw Materials Work in Process Finished Goods January 1 January 31 $10,320 18,060 12,040 $11,180 19,780 13,760 Ivanhoe transferred $249,400 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold. Cost of goods sold $

The manufacturing operations of Ivanhoe, Inc. had the following balances for the month of January: Inventories Raw Materials Work in Process Finished Goods January 1 January 31 $10,320 18,060 12,040 $11,180 19,780 13,760 Ivanhoe transferred $249,400 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold. Cost of goods sold $

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 3P: Kokomo Kayak Inc. uses the process cost system. The following data, taken from the organizations...
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The manufacturing operations of Ivanhoe, Inc. had the following balances for the month of January: Inventories Raw Materials Work in Process Finished Goods January 1 January 31 $10,320 18,060 12,040 Cost of goods sold Ivanhoe transferred $249,400 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold. $ tA $11,180 19,780 13,760
Transcribed Image Text:The manufacturing operations of Ivanhoe, Inc. had the following balances for the month of January: Inventories Raw Materials Work in Process Finished Goods January 1 January 31 $10,320 18,060 12,040 Cost of goods sold Ivanhoe transferred $249,400 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold. $ tA $11,180 19,780 13,760
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