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Prepare a cost of goods sold budget for life chronicles inc

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Question 1: Prepare a cost of goods sold budget for Life Chronicles Inc. using the information in Problems 21-3 and 21-4 above. Assume the estimated inventories on January 1, 2016, for finished goods and work in process were $25,000 and $19,000, respectively. Also assume the desired inventories on December 31, 2016, for finished goods and work in process were $31,500 and $16,700, respectively. Factory overhead was budgeted at $197,100

Reference no: EM132496267

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