Question # 39 Revisit Choose the best option O $510,000 $520,000 The following data were available from Mith Co.'s records on December 31, 2006: Finished goods inventory, 1/1/06 = $120,000 Finished goods inventory, 12/31/06 = $110,000 Cost of goods manufactured = $520,000 Loss on sale of plant equipment = $50,000 $530,000 O $580,000 The cost of goods sold for 2006 was