Question 4 (Mandatory) (1 point) The Lyons Company's cost of goods manufactured was $120,000 when its sales were $360,000 and its gross profit was $220,000. If the ending inventory of finished goods was $30,000, the beginning inventory of finished goods must have been: $20,000. $50,000. $150,000. $110,000. Hide hint for Question 4 Calculate Cost of Goods Sold using the formula (Sales Cost of Goods Sold - Gross Profit). Then calculate the amount of beginning inventory of finished goods. Activate Windows Wind