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The Beginning Finished Goods Inventory for Boston Co

Question 20

Multiple Choice

The beginning finished goods inventory for Boston Co. was $401,050. Goods completed during the year were costed at $783,700. The ending finished goods inventory was dangerously low, having been reduced to $124,400. The cost of goods sold for the year for Boston Co. was


A) $803,450.
B) $1,060,350.
C) $659,300.
D) $931,900.

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