Question
Calculate the beginning inventory of finished goods of the below case. Cost of goods manufactured during the period$970,000 Ending inventory of finished goods$170,000 Cost of
Calculate the beginning inventory of finished goods of the below case.
Cost of goods manufactured during the period$970,000
Ending inventory of finished goods$170,000
Cost of goods sold $1 000 000
Select one:
a.
$200,000
b.
$300,000
c.
None of the answers given
d.
$375,000
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Management Accounting
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
7th Edition
978-1760421144, 1760421146
