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The accounting records of Kuwaiti Company revealed the following information: $754,000 58,000 Cost of goods manufactured Work-in-process inventory, 1/1 Finished-goods inventory, 1/1 Work-in-process inventory, 12/31

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The accounting records of Kuwaiti Company revealed the following information: $754,000 58,000 Cost of goods manufactured Work-in-process inventory, 1/1 Finished-goods inventory, 1/1 Work-in-process inventory, 12/31 Finished-goods inventory, 12/31 125,000 49,000 158,000 The cost of goods sold is: Select one: A. $787,000 B. $721,000 C. $730,000 D. $778,000

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