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home / study / business / accounting / accounting questions and answers / answer the following questions using the information below: beginning finished goods, ...
home / study / business / accounting / accounting questions and answers / answer the following questions using the information below: beginning finished goods, ...
Question: Answer the following questions using the information below: ...
Answer the following questions using the information below:
Beginning finished goods, 1/1/2015 $ 92,000
Ending finished goods, 12/31/2015
75,000
Cost of goods sold
300,000
Sales revenue
450,000
Operating expenses
95,000
What is the cost of goods manufactured for 2015?
A.
$283,000
B.
$350,000
C.
$285,000
D.
$277,000
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