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Kamila [148]
3 years ago
8

The following inventory balances have been provided for the most recent year: The cost of goods manufactured was $714,000. What

was the cost of goods sold? Select one: a. $738,000 b. $693,000 c. $714,000 d. $733,000
Business
1 answer:
kenny6666 [7]3 years ago
6 0

Answer:

a. $738,000

Explanation:

Calculation for the cost of goods sold

Beginning Finished goods inventory $57,000

Add: Cost of goods manufactured $714,000

Goods available for sale $771,000

($714,000+$57,000)

Less Ending Finished goods inventory $33,000

Cost of goods sold $738,000

($771,000-$33,000)

Therefore the cost of goods sold will be $738,000

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4 0
3 years ago
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3 0
1 year ago
Help me I dont know.
Margarita [4]

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4 0
4 years ago
In general, it is a bad move for a company to produce more of a good or service if, by doing so,a. marginal cost exceeds margina
scoray [572]

Answer:

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