Terrell Company Manufactures Computer Stands

question 73

Multiple Choice

Terrell Company manufactures computer stands.What is the beginning balance of Finished Goods Inventory if Cost of Goods Sold is $107,000; the ending balance of Finished Goods Inventory is $20,000; and Cost of Goods Manufactured is $50,000 less than Cost of Goods Sold?

• A)$70,000
• B)$77,000
• C)$157,000
• D)$127,000

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