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Question 1: How do determine the change in finished goods inventory if:
cost of goods sold = 146,000
cost of goods manufactured = 133,142
beginning finished goods inventory is not available
Finished goods inventory = beginning finished goods inventory + cost of goods manufactured - cost of goods sold
Finished goods inventory = (? + 133,142) - 146000
Putting human capital on the Balance Sheet would violate the:
Having trouble setting up journal entries, I know accounts recievable would be increasing and sales discounts would be be credited? Would much appreciate some help.
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