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    Exam 8: Valuation of Inventories: a Cost-Basis Approach
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    The Following Information Is Available for Naab Company for 2014
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The Following Information Is Available for Naab Company for 2014

Question 64

Question 64

Multiple Choice

The following information is available for Naab Company for 2014: The following information is available for Naab Company for 2014:   The cost of goods sold is equal to 400% of selling expenses. What is the cost of goods available for sale? A)  $ 920,000. B)  $1,150,000. C)  $1,135,000. D)  $1,180,000. The cost of goods sold is equal to 400% of selling expenses. What is the cost of goods available for sale?


A) $ 920,000.
B) $1,150,000.
C) $1,135,000.
D) $1,180,000.

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