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    Fundamental Accounting Principles Study Set 1
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    Exam 18: Managerial Accounting Concepts and Principles
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    A Manufacturing Company Has a Beginning Finished Goods Inventory of $28,300
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A Manufacturing Company Has a Beginning Finished Goods Inventory of $28,300

Question 245

Question 245

Multiple Choice

A manufacturing company has a beginning finished goods inventory of $28,300, cost of goods manufactured of $58,500, and an ending finished goods inventory of $27,600. The cost of goods sold for this company is:


A) $114,400.
B) $86,100.
C) $59,200.
D) $2,600.
E) $57,800.

Correct Answer:

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