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Lance Ltd manufactures raincoats. Lance Ltd's accounting records show: $600 000 Cost of goods manufactured for month of January 2014 $200 000 Finished goods inventory

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Lance Ltd manufactures raincoats. Lance Ltd's accounting records show: $600 000 Cost of goods manufactured for month of January 2014 $200 000 Finished goods inventory at 1 January 2014 $50 000 Finished goods inventory at 31 January 2014 The cost of goods sold for the month of January 2014 is Select one: $850 000 $750 000 $600 000 $150 000

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