The Finished Goods Inventory and Cost of Goods Sold for a Manufacturing

Multiple Choice

The Finished Goods Inventory and Cost of Goods Sold for a manufacturing company for the year 20xx are as follows: January 1 Finished Goods Inventory,$382,500; December 31 Finished Goods Inventory,$270,000; Cost of Goods Sold for the year,$1,488,000.The cost of goods manufactured for the year was

A) $1,105,500.
B) $610,500.
C) $1,150,500.
D) $1,375,500.