Question
Washington, Inc. has $40,000 of ending finished goods inventory as of December 31, 2014. If beginning finished goods inventory was $50,000 and cost of goods
Washington, Inc. has $40,000 of ending finished goods inventory as of December 31, 2014. If beginning finished goods inventory was $50,000 and cost of goods sold was $75,000, how much would Washington report for cost of goods manufactured?
Select one:
A. $90,000B. $15,000C. $115,000D. $65,000E. None of the above
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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
978-1118938782, 111893878X, 978-1118985311, 1118985311, 978-1118562185, 1118562186, 978-1118147290
