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Begin. Inv. Begin. Inv. Begin. Inv. 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. Q11. The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company.
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On October 31, the company’s records show the following items and amounts. Also assume the following: The owner’s initial investment consists of $36,750 cash and $46,030 in land in exchange for its common stock.. The company’s $16,580 equipment purchase is paid in cash.
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