Edmiston Company Reported the Following Year-End Information: Beginning Work in Process

question 61

Multiple Choice

Edmiston Company reported the following year-end information: beginning work in process inventory $80000; cost of goods manufactured $750000; beginning finished goods inventory $50000; ending work in process inventory $70000; and ending finished goods inventory $40000. How much is Edmiston's cost of goods sold for the year?

• A) $750000
• B) $760000
• C) $740000
• D) $770000

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