Sheffield Corp. has $13000 of ending finished goods inventory as of December 31, 2013. If beginning...

Sheffield Corp. has $13000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $8000 and cost of goods sold was $43000, how much would Sheffield report for cost of goods manufactured?

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Statementshowing Computations
Paticulars	Amount
ending finished goods inventory	13,000.00
cost of goods sold	43,000.00
Cost of goods available for sale	56,000.00
Less beginning finished goods inventory	(8,000.00)
cost of goods manufactured	48,000.00

ekkarill92 answered 2 years ago

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