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Fort Walton Industries began July with a finished-goods inventory of $24,000. The finished-goods inventory at the end of July was $20,500 and the cost of

Fort Walton Industries began July with a finished-goods inventory of $24,000. The finished-goods inventory at the end of July was $20,500 and the cost of goods sold during the month was $62,500. The cost of goods manufactured during July was:

A.

$42,000.

B.

$38,500.

C.

$59,000.

D.

$66,000.

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