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Juliet Corporation Has Accumulated the Following Accounting Data for the Year

Question 40

Multiple Choice

Juliet Corporation has accumulated the following accounting data for the year:
Finished goods inventory,January 1 ……….$3,200
Finished goods inventory,December 31 …... 4,000
Total cost of goods sold ……………………. 4,200
The cost of goods manufactured for the year is:


A) $ 200.
B) $1,000.
C) $5,000.
D) $6,400.
E) $8,200.

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