Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Quality Products Inc. has a beginning finished goods inventory of
$22,400, raw material purchases of $35,800, cost of goods
manufactured of $68,500, and an ending finished goods inventory of
$18,900. The cost of goods sold for this company is:
A. $72,000
B. $68,500
C. $53,800
D. $40,000
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Transcribed Image Text:Quality Products Inc. has a beginning finished goods inventory of $22,400, raw material purchases of $35,800, cost of goods manufactured of $68,500, and an ending finished goods inventory of $18,900. The cost of goods sold for this company is: A. $72,000 B. $68,500 C. $53,800 D. $40,000
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