Barrister and Company Began July with a Finished Goods Inventory

question 26

Multiple Choice

Barrister and Company began July with a finished goods inventory of $10 000. The cost of goods manufactured during the month was $85 000 and the ending finished goods inventory was $20 000.
The cost of goods sold during July was:

• A) $55 000.
• B) $75 000.
• C) $95 000.
• D) $105 000.