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, $80,000; cost of goods manufactured, $780,000; beginning finished goods inventory, $50,000; ending work in process inventory, $70,000; and ending finished goods inventory, $40,000.How much is Edmiston's cost of goods sold for the year?

A) $780,000
B) $790,000
C) $770,000
D) $800,000