What was the cost of goods sold for 2005


The following data were available from Mith Co.'s records on December 31, 2005:

Finished goods inventory, 1/1/05 $120,000
Finished goods inventory, 12/31/05 110,000
Cost of goods manufactured 520,000
Loss on sale of plant equipment 50,000

what was the cost of goods sold for 2005 ?

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What was the cost of goods sold for 2005
Reference No:- TGS053480

Expected delivery within 24 Hours