The Beginning and Ending Finished Goods Inventories of a Company

question 67

Multiple Choice

The beginning and ending finished goods inventories of a company were $91,000 and $94,000 respectively.If cost of goods sold equaled $800,000,what is the amount of cost of goods manufactured for this period?

• A) $706,000
• B) $709,000
• C) $797,000
• D) $803,000
• E) $3,000

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