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For 2020, Sparkman Company Has Cost of Goods Manufactured of $500,000

Question 40

Multiple Choice

For 2020, Sparkman Company has cost of goods manufactured of $500,000, beginning finished goods inventory of $25,000, and ending finished goods inventory of $20,000.How much is cost of goods sold?


A) $505,000
B) $495,000
C) $545,000
D) $455,000

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