Multiple Choice
Book City had cost of goods sold of $140,000 for the year ended December 31. The finished goods inventory on January 1 was $35,000 and the finished goods inventory on December 31 was $17,000. What was the amount of cost of goods manufactured for the year?
A) $52,000
B) $157,000
C) $158,000
D) $122,000
Correct Answer:
Verified
Correct Answer:
Verified
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