Question
6. The balance in the Finished Goods Inventory account on July 1, 2007, was $34,000 and the June 30, 2008, balance in the Finished Goods
6. The balance in the Finished Goods Inventory account on July 1, 2007, was
$34,000 and the June 30, 2008, balance in the Finished Goods Inventory account was $41,000. If the cost of goods manufactured was $200,000, what was the cost of goods sold?
A.$285,000
B.$193,000
C.$207,000
D.$278,000
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th edition
ISBN: 978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422
