Sampson Company Had a Cost of Goods Sold of $730,000

question 62

Multiple Choice

Sampson Company had a Cost of Goods Sold of $730,000 and Cost of Goods Manufactured of $940,000 for the year ended December 31,2012.If the January 1,2012 balance in the Finished Goods Inventory account was $180,000,what was the December 31,2012,balance in Finished Goods Inventory?

• A)$1,850,000
• B)$1,120,000
• C)$520,000
• D)$390,000
• E)None of the above.

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