What is the Cost of Goods Sold for this period? 7....
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Accounting
What is the Cost of Goods Sold for this period?
7. Lean'N'Mean Manufacturing uses just-in-time inventory techniques to reduce their carrying costs Despite having a low level of working capital, they experience significant sales and production levels. Lean'N'Mean reported the following information at year-end: Beginning Raw Materials Inventory $500 Ending Raw Materials inventory Beginning Work in Process: Ending Work in Process: Beginning Finished Goods Inventory: Ending Finished Goods Inventory Materials Purchased: Indirect Materials Used: $2,000 $2,100 $1,200 $900 $65,000 $2,000 $72,000 $100,000 $5,000 $3,000 $5,000 5 Direct Labor Wages Indirect Labor Wages: Production Equipment Depreciation: Equipment Maintenance: Factory Rent Office Supplies Used Selling and Administrative Expenses: $328,000 What was Lean'N'Mean's Cost of Goods Sold for the period? A. $250,100 B. $325,000 C. $276,000 D. $215,000 dualj wiv Anin gei co et C.06
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