Category Archives: cost of goods sold

Duif Company’s absorption costing income statement for the last year of operations is presented below

Duif Company’s absorption costing income statement for the last year of operations is presented below: Sales…………………………………………………$70,000 Less cost of goods sold: Beginning inventory………………………………………. 0 Add cost of goods manufactured………………48,000 Goods available for sale………………………….48,000 Less ending inventory………………………………6,000 Cost of goods sold………………………………..42,000 … Continue reading

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