Multiple Choice
Robinson Company has provided the following information:
Raw materials inventory increased $15,000.
Work in process inventory decreased $29,000.
Finished goods inventory decreased $47,000.
Sales were $500,000.
The gross profit ratio was 52.2%.
How much was Robinson's cost of goods manufactured?
A) $268,000
B) $192,000
C) $286,000
D) $239,000
Correct Answer:
Verified
Correct Answer:
Verified
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