Multiple Choice
Work in process inventory on December 31, 2011, is $42,000. Work in process inventory decreased by 40% during 2011. Total manufacturing costs incurred in 2011 amount to $260,000. What is cost of goods manufactured?
A) $232,000
B) $302,000
C) $288,000
D) $190,000
Correct Answer:
Verified
Correct Answer:
Verified
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