Cost of Goods Sold Allyson Ashley makes jet skis. During the year, Allyson manufactured 68,500 jet skis. Finished goods inventory had the following units:
January 1 14,385
December 31 19,420
Required:
a. How many jet skis did Allyson sell during the year?
b. If each jet ski had a product cost of $1,800, what was the cost of goods sold last year?
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