Multiple Choice
The cost of goods sold for Frye Manufacturing in the year was $373,000.The January 1 Finished Goods Inventory balance was $30,200,and the December 31 Finished Goods Inventory balance was $24,000.Calculate the cost of goods manufactured during the year.
A) $397,000
B) $54,200
C) $366,800
D) $6,200
Correct Answer:
Verified
Correct Answer:
Verified
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