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    Financial Managerial Accounting Study Set 1
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    Exam 8: Inventories and the Cost of Goods Sold
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    Compute the Cost of Goods Sold for the Current Year
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Compute the Cost of Goods Sold for the Current Year

Question 143

Question 143

Multiple Choice

Compute the cost of goods sold for the current year based on the average- cost method of inventory valuation.


A) $10,590.
B) $11,700.
C) $29,560.
D) $28,450.

Correct Answer:

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