Question
At the beginning of June, Varetoni Manufacturing Company had a $320 balance in its Work in Process inventory account. At the end of June, Varetoni's
At the beginning of June, Varetoni Manufacturing Company had a $320 balance in its Work in Process inventory account. At the end of June, Varetoni's Work in Process inventory account had a balance of $970. During June, Varetoni made the following journal entries:
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| Finished Goods | $6,160 |
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| Work in Process |
| $6,160 |
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| Cost of Goods Sold | $5,830 |
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| Finished Goods |
| $5,830 |
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Based on the information above, what is Varetoni's cost of goods manufactured for June?
| a. | $5,180 | |
| b. | $5,510 | |
| c. | $6,160 | |
| d. | $6,480 |
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Tips For The New Auditor
Authors: Marty Sturino
1st Edition
1733097813, 978-1733097819
