If a Company Had a Beginning Balance of $8,000 in Finished

question 88

True/False

If a company had a beginning balance of $8,000 in Finished Goods Inventory,an ending balance of $5,000 in Finished Goods Inventory and cost of goods manufactured was $47,000 during the month,then the cost of goods sold for the month was $44,000.

---

Definitions:

Tikal

An ancient Mayan city located in the rainforests of what is now northern Guatemala, known for its monumental architecture and significant archaeological sites.

Overland Trade Route

A path or route used for the transportation of goods and trade over land, as opposed to sea or air, historically significant for economic and cultural exchanges.

Tikal Project

An extensive archaeological effort focusing on the investigation and preservation of Tikal, one of the largest urban centers of the ancient Maya civilization.

Archaeologists

Scientists who study human history and prehistory through the excavation of sites and the analysis of artifacts and physical remains.