1)Coronado Industries reported the following year-end information: beginning work in process inventory, S82000; cost of goods manufactured, S760000; beginning finished goods inventory, $52000; ending work in process inventory, S72000; and ending finished goods inventory, $42000. How much is Coronado's cost of goods sold for the year? a) S760000 b) S750000 C) S770000 d) S780000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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1)Coronado Industries reported the following year-end information: beginning work in process inventory,
$82000; cost of goods manufactured, $760000; beginning finished goods inventory, $52000; ending work
in process inventory, S72000; and ending finished goods inventory, $42000. How much is Coronado's cost
of goods sold for the year?
a) $760000
b) S750000
c) S770000
d) $780000
Transcribed Image Text:1)Coronado Industries reported the following year-end information: beginning work in process inventory, $82000; cost of goods manufactured, $760000; beginning finished goods inventory, $52000; ending work in process inventory, S72000; and ending finished goods inventory, $42000. How much is Coronado's cost of goods sold for the year? a) $760000 b) S750000 c) S770000 d) $780000
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