Given That the Cost of Goods Manufactured Is $485,000 and the Dollar

question 116

Multiple Choice

Given that the cost of goods manufactured is $485,000 and the dollar values of the beginning and ending finished goods inventory are $130,000 and $90,000, respectively, what is the cost of goods sold?

• A) $525,000
• B) $615,000
• C) $395,000
• D) $445,000

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