Dorsett Technologies Had Finished Goods Inventory on January 1, 20X8

Multiple Choice

Dorsett Technologies had finished goods inventory on January 1, 20X8 of $29,300 and finished goods inventory on December 31, 20X8 of $24,100.
- If the cost of goods manufactured for the year was $385,000, what was the cost of goods sold for the year?

A) $395,400.
B) $385,000.
C) $390,200.
D) $400,600.
E) None of the answers is correct.