If the cost of goods sold is $100,000 and the ending finished goods inventory is$30,000 higher than the beginning finished goods inventory, what must be the amountof the cost of goods manufactured?a. $30,000b. $100,000c. $130,000d. $70,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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If the cost of goods sold is $100,000 and the ending finished goods inventory is
$30,000 higher than the beginning finished goods inventory, what must be the amount
of the cost of goods manufactured?
a. $30,000
b. $100,000
c. $130,000
d. $70,000

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