Multiple Choice
Terrell Company manufactures computer stands.What is the beginning balance of Finished Goods Inventory if Cost of Goods Sold is $107,000; the ending balance of Finished Goods Inventory is $20,000; and Cost of Goods Manufactured is $50,000 less than Cost of Goods Sold?
A) $70,000
B) $77,000
C) $157,000
D) $127,000
Correct Answer:
Verified
Correct Answer:
Verified
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