Business, 25.03.2020 05:17 aislynrae22
For the year just ended, Porter Corporation's manufacturing costs (raw materials used, direct labor, and manufacturing overhead) totaled $1,640,000. Beginning and ending work-in-process inventories were $74,000 and $104,000, respectively. Porter's balance sheet also revealed respective beginning and ending finished-goods inventories of $264,000 and $194,000. On the basis of this information, how much would the company report as cost of goods manufactured (CGM) and cost of goods sold (CGS)
Answers: 1
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For the year just ended, Porter Corporation's manufacturing costs (raw materials used, direct labor,...
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