Viva,IncHas Provided the Following Information for the Year How Much Is the Cost of Goods Sold?
A)$184,000
B)$1,275,000

question 177

Multiple Choice

Viva,Inc.has provided the following information for the year: $$\begin{array} { | l | r | } \hline \text { Cost of Goods Manufactured } & \$ 1,261,000 \\\hline \text { Beginning Balance - Finished Goods Inventory } & 99,000 \\\hline \text { Ending Balance - Finished Goods Inventory } & 85,000 \\\hline\end{array}$$ How much is the cost of goods sold?

• A)$184,000
• B)$1,275,000
• C)$1,261,000
• D)$1,247,000

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Definitions:

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