Ringgold Company Had Beginning Finished Goods of $36,000

question 35

Multiple Choice

Ringgold Company had beginning finished goods of $36,000.During the period,the company produced goods that cost $150,000.If the ending balance in the Finished Goods Inventory account was $24,000,the amount of cost of goods sold was:

• A) $162,000.
• B) $150,000.
• C) $138,000.
• D) none of these.

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