Compute Cost of Goods Manufactured for This Period Given the Following

question 181

Multiple Choice

Compute cost of goods manufactured for this period given the following amounts.
$$\begin{array} { | l | r | } \hline \text { Ending finished goods inventory } & \$ 66,000 \\\hline \text { Cost of goods sold } & 54,000 \\\hline \begin{array} { l } \text { Beginning finished goods } \\\text { inventory }\end{array} & 60,000 \\\hline\end{array}$$

• A) $72,000
• B) $48,000
• C) $60,000
• D) $66,000
• E) $180,000.

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Definitions:

Borrowing

The act of receiving funds from another party with the agreement to repay the principal amount along with any agreed-upon interest or fees.

Contest

A competition or challenge, often with rules and participants aiming to win or achieve a specific outcome.

Earn

To receive income or compensation in exchange for work or through investments.

Rate Of Interest

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.