The Magic Shop Corporation had a beginning finished goods inventory valued at $47,000 and an ending finished goods inventory of $54,000. The cost of goods manufactured was $107,700. What was the cost of goods sold for The Magic Shop Corporation?
$
The Magic Shop Corporation had a beginning finished goods inventory valued at $47,000 and an ending finished goods inventory of $54,000. The cost of goods manufactured was $107,700. What was the cost of goods sold for The Magic Shop Corporation?
$