Edmiston Company Reported the Following Year-End Information: Beginning Work in Process

Multiple Choice

Edmiston Company reported the following year-end information: beginning work in process inventory $80000; cost of goods manufactured $750000; beginning finished goods inventory $50000; ending work in process inventory $70000; and ending finished goods inventory $40000. How much is Edmiston's cost of goods sold for the year?

A) $750000
B) $760000
C) $740000
D) $770000