FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Hi,

I was wondering how to solve this problem and what the answer would be.

Thank you

THE FOLLOWING INFORMATION APPLIES TO THE NEXT QUESTION. Finished goods inventory, January 1, 2011 Finished goods inventory, December 31, 2011 $29,300 $24,100 15. If the cost of goods sold for the year was $427,500, what was the cost of goods manufactured for the year? A. $402,100. B. $422,300. C. $417,100. D. $427,500. E. some other amount.
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Transcribed Image Text:THE FOLLOWING INFORMATION APPLIES TO THE NEXT QUESTION. Finished goods inventory, January 1, 2011 Finished goods inventory, December 31, 2011 $29,300 $24,100 15. If the cost of goods sold for the year was $427,500, what was the cost of goods manufactured for the year? A. $402,100. B. $422,300. C. $417,100. D. $427,500. E. some other amount.
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