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During June, the Cost of Goods Manufactured Was £71,000

Question 54

Multiple Choice

During June, the cost of goods manufactured was £71,000. The beginning finished goods inventory was £18,000 and the ending finished goods inventory was £11,000. What was the cost of goods sold for the month


A) £64,000
B) £100,000
C) £71,000
D) £78,000

Correct Answer:

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