The Accounting Records for Ferguson Manufacturing Revealed That the Company

Multiple Choice

The accounting records for Ferguson Manufacturing revealed that the company began the month of September with a finished-goods inventory of $150,000. The finished-goods inventory at the end of September was $70,000 and the cost of goods sold during the month was $125,000. The cost of goods manufactured during September was:

A) $45,000.
B) $55,000.
C) $205,000.
D) $275,000.
E) $345,000.