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Question
The cost of goods sold for Frye Manufacturing in 2012 was $233,000. The January 1, 2012 finished goods inventory balance was $31,600, and the December 31, 2012 finished goods inventory balance was $24,200. What was cost of goods manufactured during 2012?
A) $288,800
B) $233,000
C) $225,600
D) $240,400
Answer
This answer is hidden. It contains 91 characters.
Related questions
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Aug
Sep Cash collections
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$40,000
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18,000 Operating expenses
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0
19,000
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Jun Cash collections
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C) account form balance sheet.
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Q:
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Q:
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B) posting.
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D) footing.
Q:
A) chart of accounts.
B) ledger.
C) trial balance.
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Answer: B
Q:
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B) Revenues decrease owner's equity, so a revenue account's normal balance is a debit balance.
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Q:
The balance of an account is the:
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B) account number, as shown in the chart of accounts.
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Q:
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B) finding the account number in the chart of accounts.
C) recording the transaction, including a brief explanation.
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Q:
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Q:
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At the end of the year, actual data were as follows:
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C) $12,000 Favorable
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