FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The cost of goods sold for Frye Manufacturing in the year was
$373,000. The January 1 Finished Goods Inventory balance was
$30,200, and the December 31 Finished Goods Inventory balance
was $24,000.
Calculate the cost of goods manufactured during the year.
A. $397,000
B. $54,200
C. $366,800
D. $6,200
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Transcribed Image Text:The cost of goods sold for Frye Manufacturing in the year was $373,000. The January 1 Finished Goods Inventory balance was $30,200, and the December 31 Finished Goods Inventory balance was $24,000. Calculate the cost of goods manufactured during the year. A. $397,000 B. $54,200 C. $366,800 D. $6,200
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