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$1 . The accounting records of Stingray Company revealed the following information : Total manufacturing costs $530, 000 Work - in - process inventory ,
$1 . The accounting records of Stingray Company revealed the following information :" Total manufacturing costs $530, 000 Work - in - process inventory , 1 / 1 56, 000 Finished - goods inventory , 1 / 1 146, 000 Work - in - process inventory , 12 /3 1 78, 000 Finished - goods inventory , 12/3 1 123, 000 Stingray's cost of goods sold is : A. $508, 000 . B. $529, 000. C. $531, 000 . D. $5 53, 000 . E. None of the answers is correct
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