Multiple Choice
Lenco Industries has cost of goods manufactured of $65 000 in May. The finished goods inventory at the end of May was $20 000 and the cost of goods sold during May was $75 000.
The inventory in finished goods at the beginning of May was:
A) $5000.
B) $30 000.
C) $10 000.
D) $20 000.
Correct Answer:
Verified
Correct Answer:
Verified
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