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11. Terns Toys incurred $1,500 in production costs for the week. Work in process decreased by $100, and finished goods inventory increased by $500. What
11. Terns Toys incurred $1,500 in production costs for the week. Work in process decreased by $100, and finished goods inventory increased by $500. What was the cost of goods sold? a. $1,100 b. $1,400 c. $1,500 d. $1,800 e. None of the above.
please explain why and how
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