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Assume that a company provided the following T-account: Finished Goods Debit Credit Beginning Balance 35,000 1,680,000 1,690,000 Ending Balance 25,000 Based on the transactions recorded

Assume that a company provided the following T-account:

Finished Goods
Debit Credit
Beginning Balance 35,000
1,680,000 1,690,000
Ending Balance 25,000

Based on the transactions recorded in this account, which of the following must be true?

Multiple Choice

The unadjusted cost of goods sold must equal $1,690,000.

The adjusted cost of goods sold must equal $1,690,000.

The manufacturing overhead applied to production must equal $1,680,000.

The sales must equal $1,690,000.

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